Appeals court scales back bond due in Trump fraud case and sets new deadline

CBS News Live

CBS News Live Live

The New York State Court of Appeals ruled that former President Donald Trump does not have to come up with $464 million to appeal the judgment against him in his civil fraud trial, and must only provide a bond in the amount of $175 million.

At midnight Monday, the time had expired on the 30-day grace period that New York Attorney General Letitia James had allowed for Trump and his co-defendants to secure a bond as they pursue an appeal of the $464 million judgment in his New York civil fraud trial. In order to appeal the case, Trump had been obligated to obtain a bond in the amount of the judgment. 

This is a breaking story and will be updated.

Original CBS News Link</a