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.
Terrible headline by CNBC. It reverses the meaning.
After backing OUT OF E. Jean Carroll appeal bond.
If they backed it, that would mean they gave Trump the money.
They backed the $91.6 million appeal bond, then backed out of the $464 million appeal bond. It makes sense to me as a headline.
Ok. My reading comprehension must have failed me. Thanks for the correction.
No worries, I often need to reread things because I miss a word or two. It happens.