Rebecca Shabad is a congressional reporter for NBC News, based in Washington.
A state appeals court ruled that Donald Trump and his co-defendants in the New York civil fraud case have 10 days to post a $175 million bond, down from the $464 million judgment that was originally due Monday. The 11th-hour ruling from a panel of state Appellate Division judges is a major victory and relief for the former president, whose attorneys had said coming up with the larger bond was a “practical impossibility.
The court also did not stay the provision prohibiting the defendants from borrowing from a financial institution registered or chartered in New York state. The AG’s office brushed off Monday’s ruling in a statement, saying: “Donald Trump is still facing accountability for his staggering fraud. The court has already found that he engaged in years of fraud to falsely inflate his net worth and unjustly enrich himself, his family, and his organization.
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