Overview

• An appellate panel in New York voided the multi‑hundred‑million‑dollar sanction against President Donald Trump, citing the U.S. Constitution’s ban on excessive fines.
• The ruling leaves intact the finding that Trump committed business fraud, overturning only the size and legal basis of the monetary award.
• The original judgment set a $355 million penalty that had swelled with interest to figures reported between roughly $464 million and more than $515 million.
• Trump had posted a $175 million bond to stave off collection, and enforcement tied to the vacated award remains on hold during further proceedings.
• New York Attorney General Letitia James said she will seek review in a higher state court, as Trump and his family hailed the decision as a victory on social media.