Trump's $175 million bond can stand after attorneys agree to comply with new conditions
CBSN
The $175 million bond posted by an insurance company for former President Donald Trump in a civil fraud case can stand after an agreement Monday that included assurances from his lawyers to comply with conditions from the attorney general's office.
New York Attorney General Letitia James' office argued it is concerned about the financial wherewithal of Knight Specialty Insurance company, which posted the bond for Trump on April 1.
According to Monday's agreement, the $175 million will stay as cash in a money market account, Knight Specialty will have exclusive control, but can only use the cash to pay for the bond if needed. The attorney general's office and the court will get monthly account statements.
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