NY AG Letitia James drops the (civil) hammer {On Trump & Family} [9/21/2022]

[DavidNRockies]

The Daily Beast article appears to be paywalled, but here’s an excerpt:

Buried in the typical legalese of the contract is the phrase: “Knight Specialty Insurance Company… does hereby… undertake that if the judgment… is dismissed… Donald J. Trump… shall pay… the sum directed.”

In other words: If Trump loses the case, Trump will pay. But that’s no different than Trump’s obligation before the bond was issued.

“Getting into the weeds, the company undertakes that Trump will pay,” said one bond industry source who declined to be publicly identified for this story.

So, unless the Daily Beast really screwed up on their homework here …