politics @lemmy.worldEnglish · 8 months ago

Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says

www.cnbc.com

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Chubb ended Trump fraud bond talks after backing E. Jean Carroll appeal bond, court filing says

www.cnbc.com

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politics @lemmy.worldEnglish · 8 months ago

Lawyers for Donald Trump contacted Warren Buffett's Berkshire Hathaway, Chubb and many others seeking an appeal bond for Trump's $454 million fraud judgment.

KEY POINTS

Donald Trump and his co-defendants were in talks with insurance giant Chubb for a $464 million appeal bond, but the company backed out, a Trump Organization lawyer said.
Chubb previously provided Trump’s $91.6 million appeal bond in writer E. Jean Carroll’s civil defamation case.
In his New York civil business fraud case, Trump’s lawyers said they reached out unsuccessfully to more than 30 companies to secure a bond.
Those companies include Warren Buffett’s Berkshire Hathaway, Liberty Mutual, Allianz, Chubb and Travelers, among others.

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8 months ago
I think it is also very unusual to provide a bond over 100 million, and I assume that they want liquid assets beyond that amount.

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