Negotiations were underway to post a $557 million bond when an appeals court reduced the size of the judgment, according to one of the participants, billionaire Don Hankey.

Looks like it actually was possible to bond the whole amount.

Don Hankey, the billionaire chairman of Knight Insurance Group, told NBC News he was negotiating to post a far heftier bond of $557 million with the Trump Organization when the state Appellate Division lowered the size of the required bond to $175 million.

  • gravitas_deficiency@sh.itjust.worksEnglish
    81·
    9 months ago

    It’s just… like, what the actual fuck does this insurance company think is gonna happen? He’s gonna stiff them, and tie it up in court indefinitely. It’s not a mystery. He’s done it before. He will do it again. It’s a pattern and practice.