Richard W. Painter

S. Walter Richey Professor of Corporate Law

Prof. Richard Painter Quoted in New York Times About Trump’s Ability to Raise Bond in New York Civil Fraud Case

Professor Richard Painter was quoted in the New York Times about Donald Trump’s ability to raise to post a nearly half-billion-dollar bond in the New York civil fraud case against him and his company. Trump’s lawyers this week revealed in a court filing that the Trump Organization had approached roughly 30 companies in an effort to secure the bond, but that none would underwrite one so large without having him pledge a lot of cash. Professor Painter said Trump could entangle himself in ethical trouble while hunting after money. He said, “And with what he owes, it’s going to be increasingly tempting for him to increase his revenue through making deals with foreign governments. That could be a serious problem.”