A New York appeals court reduced former President Donald Trump's civil fraud judgment to $175 million and granted a ten-day delay to pay the reduced bond.
The appeals court’s decision came on the same day that the grace period for Trump to pay his $464 million civil fraud trial judgment from February was set to expire. The order marks a significant victory for the former president, who was facing the prospect of Democratic Attorney General Letitia James beginning to seize his assets as soon as Monday had the appeals court not intervened.
Trump previously asked the appeals court to pause the $464 million judgment against him or be willing to accept a bond of only $100 million, and the appeals court appears to have granted the former president a major lifeline with its order on Monday. The appeals court on Monday also paused the enforcement of other penalties, such as those barring Trump and top executives from serving in leadership roles in their Empire State business for several years.
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