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Started By
Message
2
Posted on 3/25/24 at 5:43 pm to Ace Midnight
My experience with litigation bonds is that the surety posts the bond in exchange for a premium. The bond is secured by an equal amount of assets.
Reportedly, Trump has $500M liquid (that’s before considering this truth social thing I saw just now). So he could basically hold that aside as security for the bonding co. Litigation bonds are usually 10-15 percent premium. So if he posts security of $175M, his premium would be $17.5 M - $20 M. $200M is half his liquidity. Which I think is fair to say would add to his 8th Amendment / Access to Court arguments he already has based on the size of the bond alone.
If it gets reversed on appeal, Letitita (NY Taxpayers) can be responsible for his litigation costs/costs of appeal, since it’s a “civil” :rolleyes” judgment. So theoretically the state of NY would owe his bond premium back to him. Plus he gets his security (the $175 M) back.
I hope he seizes Letitia’s house for the bond premium in payment for a judgment on a 1983 suit.
Because frick her.
Reportedly, Trump has $500M liquid (that’s before considering this truth social thing I saw just now). So he could basically hold that aside as security for the bonding co. Litigation bonds are usually 10-15 percent premium. So if he posts security of $175M, his premium would be $17.5 M - $20 M. $200M is half his liquidity. Which I think is fair to say would add to his 8th Amendment / Access to Court arguments he already has based on the size of the bond alone.
If it gets reversed on appeal, Letitita (NY Taxpayers) can be responsible for his litigation costs/costs of appeal, since it’s a “civil” :rolleyes” judgment. So theoretically the state of NY would owe his bond premium back to him. Plus he gets his security (the $175 M) back.
I hope he seizes Letitia’s house for the bond premium in payment for a judgment on a 1983 suit.
Because frick her.
Posted on 3/25/24 at 5:47 pm to TBoy
quote:
Appealing is cheap.
$200 M in security and a bond premium is cheap? WTAF? Do you even lawyer?
Posted on 3/25/24 at 5:48 pm to LSU5508
And that's the stupid part. What good is appealing if they are just going to take your shite while you wait for appeal? If they took his buildings and sold them he would have no recourse to get the buildings back should he win the appeal. It's ridiculous.
Posted on 3/25/24 at 5:51 pm to BuckyCheese
quote:
For comparison Bernie Madoff's bond was $10 million.
BEST POST I HAVE SEEN ABOUT THIS ISSUE!!
Posted on 3/25/24 at 8:17 pm to Wednesday
quote:
200 M in security and a bond premium is cheap? WTAF? Do you even lawyer?
You don’t have to post the bond to appeal, just to suspend the judgment. How could you not know that?
Posted on 3/25/24 at 8:21 pm to TBoy
quote:
You don’t have to post the bond to appeal, just to suspend the judgment. How could you not know that?
This is non responsive to what she said. She said the bond premium isn’t cheap.
quote:
200 M in security and a bond premium is cheap? WTAF? Do you even lawyer?
You made a fool of yourself.
Posted on 3/25/24 at 8:24 pm to LSU5508
LivePDDave
@LivePDDave1
Letitia James is big mad. Steer clear because that button is about to give.
@LivePDDave1
Letitia James is big mad. Steer clear because that button is about to give.
Posted on 3/25/24 at 8:36 pm to Feelthebarn
quote:
You have no idea how big business works. Best to be silent when you're clueless
I have a Masters in International Finance from Birkbeck College at the London School of Economics
Posted on 3/25/24 at 8:38 pm to SDVTiger
quote:
Offices of SlowFlow, cwill, and dumbarse Boosie just cried in the corner
I’m pretty indifferent on this one tbh
Statute seems super powerful but I can’t figure out why Halina Babba didn’t challenge it either on constitutional grounds or the granting of the MSJ on liability.
You got any ideas?
Posted on 3/25/24 at 8:45 pm to Wednesday
quote:
I hope he seizes Letitia’s house for the bond premium in payment for a judgment on a 1983 suit. Because frick her.
Y’all see this shite right here?
This is how America can win.
Sorry for your feelings Sky Screamers
Posted on 3/25/24 at 8:46 pm to BBONDS25
quote:
This is non responsive to what she said. She said the bond premium isn’t cheap.
You obviously don’t reed good.
I posted that an appeal is cheap but the bond to suspend the judgment is expensive.
Lady lawyer disagreed, saying that $200 mil to appeal is expensive.
She obviously doesn’t reed good either.
Posted on 3/26/24 at 9:25 am to TBoy
quote:
You obviously don’t reed good.
oh my. 
Posted on 3/26/24 at 4:53 pm to Feelthebarn
quote:
Best to be silent when you're clueless
Then why are you posting?
Posted on 3/26/24 at 4:56 pm to OU Guy
Man , that is a Big Bitch !
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