Monday, March 25, 2024

🔬

The Appellate Division has lowered the cost of the bond (their business, really) and stayed most of the judgment until April 4, and if the bond is paid, those portions of the judgment remain frozen pending outcome of the appeal.

Interestingly, the “bankruptcy lite” portion of Engoron’s most recent orders, remain in effect even if the bond is posted. Which means even on appeal, Trump is under the microscope.

So the Court is not ruling on the merits of the case, but it is indicating the judgement has foundation, and Trump can’t be allowed to benefit from his fraud any longer. How much he has to disgorge, and how much he should be punished for it, are questions reasonably suspended for appeal upon the posting of a bond. This is a reprieve for Trump, but only a slight one.

So long as the appeal lasts, there will still be a monitor.

And Trump has $500 million in the couch cushions, right? He can post this bond today, can’t he?
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