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Free AccessAppeal Court Reduces Trump Bond In Civil Case, Hush Money Trial Set April 15
New York Supreme Court Justice Juan Merchan has set a date of April 15 to begin the criminal trial of former President Donald Trump on charges related to hush-money paid to an adult film star. Merchan's ruling resisted a call from Trump's legal team to further delay the trial, which was originally scheduled to get underway today.
- The decision means that Trump appears guaranteed to face a jury in a criminal trial before November's presidential election, albeit in the case considered least threatening to Trump. If the trial goes ahead it will be the first criminal trial of an ex-president in US history.
- Elsewhere in New York an appeals court has handed Trump a lifeline by reducing the bond he must pay in his civil fraud case from USD454 billion to USD$175 billion and allowing Trump an additional 10 days to secure the bond payment.
- The New York Times notes, "the ruling by a five-judge panel of appellate court judges was a crucial and unexpected victory for the former president, potentially staving off a looming financial disaster."
- If Trump can obtain the smaller bond, it will mitigate the risk of major financial issues upending his presidential campaign which is currently lagging President Biden's across multiple financing metrics.
- A spokesperson for New York Attorney General Letitia James said in a statement that Trump is “still facing accountability for his staggering fraud” and the judgment “still stands.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.