Trump’s $464M NY Civil Fraud Penalty Nixed on Appeal: The Brief

A DIVIDED NEW YORK appeals court vacated a huge fraud penalty against Donald Trump and his company while finding he still broke the law, handing the president a victory over state Attorney General Letitia James, Erik Larson reports.

• In a long-awaited ruling issued today, an intermediate state appeals court found the $464 million penalty from February 2024 “excessive” but maintained that Trump unlawfully inflated the valuation of assets like Mar-a-Lago and his Trump Tower penthouse. The politically charged ruling, which resulted in the five-judge panel issuing three separate opinions, wipes out one of Trump’s biggest financial liabilities.
  
• The appellate ruling ...