A New York appellate court overturned the half-billion-dollar penalty in the civil fraud case against President Trump, deeming it "excessive" while showing internal disagreement. The court had previously ordered Trump and others to pay around $527 million.
The Attorney General will appeal the decision. The ruling upheld sanctions preventing Trump from serving as a corporate officer in New York. Trump celebrated the decision, despite its limited scope.
The case alleged Trump misled companies about property values. The judge found Trump misrepresented his wealth, inflating property values.
The appellate panel was deeply divided. A majority vacated the financial penalty without resolving the case's merits. Dissenting justices criticized the outcome.
The court's decision was delayed due to legal complexities. The Attorney General defended the penalty, while the judge found Trump's testimony and that of his executives not credible.
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