Overview

• Attorney General Letitia James filed a single-page notice of appeal Thursday seeking review of the ruling that voided the civil fraud judgment.
• The appeal challenges the Aug. 21 First Department decision that tossed the roughly $454 million disgorgement, which with interest had exceeded $500 million.
• James aims to reinstate both the monetary penalty and the liability findings against President Donald Trump, his eldest sons, and the Trump Organization.
• The five-judge appellate panel issued split opinions on liability, the attorney general’s authority, and whether a new trial is required, leaving some business restrictions and monitoring in place.
• Judge Arthur Engoron’s prior trial ruling found years of inflated asset valuations, citing misstatements such as the size of Trump’s penthouse and the valuation of Mar-a-Lago.