Former President Donald Trump faces a deadline today to cover a $454M judgment handed down in a February New York civil fraud trial to avoid the potential seizure of assets by the state. Lawyers for Trump have argued the fine should be stayed while the full appeals process plays out.
Legal experts say a number of scenarios may play out. The former president may secure enough cash, an intermediate appeals court may intervene to require the fine be stayed, or state Attorney General Letitia James may begin seizing some Trump Organization assets. James has not revealed any details of such a move, nor has she said even whether she would proceed immediately. Declaring bankruptcy may be a fourth option for Trump, analysts say.
Trump, who indicated he would argue the case to the Supreme Court, said Friday he had almost $500M in cash—funds he said are meant in part to support his 2024 campaign.
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