"This wording — that the insurer "has the right to exercise control" over the money — appears to fall short of what bond writers usually demand of their cash customers."
"The final call on whether the Knight bond sinks or swims will be up to... [Judge] Engoron, who has set a Monday hearing on the matter."
"On Tuesday, Engoron filed a response giving the AG's office until Friday to respond to the new defense challenge"