A New York appeals court on Monday temporarily stopped the clock on the looming enforcement of a multimillion-dollar judgment against former President Trump and his company over deceitful business practices.
In a terse order, a five-judge state appeals court panel said it would pause the enforcement of the $464 million judgment against Trump, the Trump Organization and top executives, plus interest, if they post a $175 million bond within 10 days.
The pause comes after Trump’s lawyers admitted last week that, despite “diligent efforts,” it would be “impossible” for the former president to secure a full appeals bond due to lack of cash on hand.
Trump wrote on Truth Social on Friday that he has nearly $500 million in cash, and told state lawyers last year in depositions he had “substantially in excess of $400 million in cash.”
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