A New York judge is set to conduct a hearing on April 22 regarding the $175 million bond Donald Trump posted while appealing a $454 million fraud judgment against him, as per the state attorney general's office.
This development follows a request for further details about the bond.
The Republican presidential candidate narrowly avoided potential asset seizures when an appeals court, on March 25, agreed to halt the judgment if he posted a $175 million bond within 10 days, a requirement he fulfilled on April 1.
On Thursday, the New York Attorney General Letitia James' office stipulated that Trump must substantiate that the surety company he utilized to post the bond, Knight Specialty Insurance Company, possesses adequate assets to cover the bond if his appeal fails.
This action does not automatically endanger Trump's bond, but it will likely mandate Knight, headquartered in California, to demonstrate its capacity to meet the bond's obligations.
Requests for comments from Knight's owner Don Hankey and the company's president, Amit Shah, were not immediately responded to.