Former President Trump Petitions New York Appeals Court to Delay $454 Million Payment Pending Appeal
On Wednesday, former President Donald Trump submitted an appeal to the New York appeals court requesting a delay in his obligation to pay $454 million following the civil fraud verdict against him. Trump’s attorneys argued that the judgment, which includes an unprecedented and punitive disgorgement of nearly $460 million and overbroad permanent injunctive relief, lacks legal authority and factual support.
The New York attorney general’s office has less than 30 days to execute the judgment if Trump fails to make the payment within the given timeframe. The potential consequences include seizing properties, which has left Trump and his legal team grappling with how to cover the substantial sum.
Trump’s lawyers emphasized the urgency of their application in a new filing. They pointed out that the disgorgement awarded against Trump and his businesses is punitive, exorbitant, and uncertain due to vague directives issued by the Supreme Court. Additionally, they highlighted the attorney general’s public threats of seizing real property.
Impact on Trump Organization and Executive Orders
The judgment also imposed restrictions on Trump, Donald Trump Jr., and Eric Trump. Trump was banned from serving as an officer of a New York business for three years, and the two sons were subjected to two-year bans. Given that the Trump Organization currently does not have a chief financial officer or controller, these executive orders raise questions about who would be managing the company moving forward.
Additionally, Judge Arthur Engoron ordered an independent monitor to continue in the position for an additional three years and mandated the installation of an independent compliance director at the Trump Organization. These measures aim to ensure that the company adheres to future regulations, a crucial aspect following the fraud verdict.
In summary, former President Donald Trump has petitioned the New York appeals court for a delay in paying $454 million following his civil fraud verdict while he pursues an appeal. The potential consequences of non-payment, including property seizures and executive orders, are significant for the Trump Organization’s future management. The appeals court will evaluate Trump’s petition and determine if a delay is warranted, adding another layer of uncertainty to the situation.
