That is so stupidly absurd, interest should not even be considered for legal matters because the government is not supposed to use it as a way to generate income.
It's interesting to me that the state as the plaintiff doesn't need to prove standing for the civil case. After all, nothing alleged in the lawsuit identified the state as an injured party in any way. And the entities that could have claimed injury all said they were not injured. Where was the standing?
Well we know that standing is just a tool of convenience in cases like these, so I guess the state doesn't bother proving standing, but gives the judge a wink and a nod so the case goes forward.
All states have what are known as blue sky laws which are general anti fraud laws usually regarding securities where you can go after fraud in the marketplace. The first was passed in Kansas where securities were being sold backed by nothing but "the blue skies."
New York's executive law 62 is probably the broadest in the country
What does she know about "impossible"? The only way she can make money is by stealing it. Also,why are they allowed to charge daily interest, even before the due date?
The judge allowed Leticia James to resubmit this letter.
What happened was when Trump told the judge it was impossible to get a bond.
She asked to be able to reply to that.
AND. She included the reply
The judge made her send the letter again and remove the attachment. She jumped the gun. But then a day or two later, the judge let her submit her reply.
What's half a billion dollars between friends (or fines)? Must be nothing to worry about in New York.
Why does a $464M bond require $557M in cash?
Why is the price rising?
Make it make sense from a legal standpoint.
When you appeal, you have to put up 120% of the judgment to stay the enforcement. This is to cover additional interest.
Because you are asking the judge to delay the payment as you appeal.
That is so stupidly absurd, interest should not even be considered for legal matters because the government is not supposed to use it as a way to generate income.
Well this was a civil lawsuit
So if I wronged you and owed you $500,000 in a court judgement. I would also owe interest if I delayed paying you, even if it was due to appeal.
The state being the plaintiff makes it less obvious.
Doesn't matter; it's the government. They are not supposed to be treating it like a business.
It's interesting to me that the state as the plaintiff doesn't need to prove standing for the civil case. After all, nothing alleged in the lawsuit identified the state as an injured party in any way. And the entities that could have claimed injury all said they were not injured. Where was the standing?
Well we know that standing is just a tool of convenience in cases like these, so I guess the state doesn't bother proving standing, but gives the judge a wink and a nod so the case goes forward.
All states have what are known as blue sky laws which are general anti fraud laws usually regarding securities where you can go after fraud in the marketplace. The first was passed in Kansas where securities were being sold backed by nothing but "the blue skies."
New York's executive law 62 is probably the broadest in the country
https://en.wikipedia.org/wiki/New_York_Executive_Law_%C2%A7_63(12)
https://www.theepochtimes.com/us/court-ordered-letitia-james-to-withdraw-letter-saying-464-million-trump-bond-not-impossible-5612037
Well isn't she now the financial expert for all of NY?? /s
non paywall :
https://badlandsmedia.tv/court-instructs-letitia-james-to-retract-letter-asserting-464-million-bond-was-not-impossible/
What does she know about "impossible"? The only way she can make money is by stealing it. Also,why are they allowed to charge daily interest, even before the due date?
The judge allowed Leticia James to resubmit this letter.
What happened was when Trump told the judge it was impossible to get a bond.
She asked to be able to reply to that.
AND. She included the reply
The judge made her send the letter again and remove the attachment. She jumped the gun. But then a day or two later, the judge let her submit her reply.
https://pbs.twimg.com/media/GJR4FEHbMAA4_Pe?format=jpg&name=900x900
If you look here it says application is granted.