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3w ago

New York Appeals Court Vacates Trump’s Half-Billion-Dollar Civil Fraud Penalty

The divided ruling found the disgorgement unconstitutional as an excessive fine.

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In the initial ruling against Trump, Engoron ordered the US President to pay a civil penalty of $464 million, including interest.
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Overview

  • The panel threw out the $355 million disgorgement that had grown to more than $515 million with interest, citing the Eighth Amendment.
  • Non-monetary sanctions, including leadership bans for Trump and his two eldest sons and lending restrictions, remain in the order but are stayed during appeals.
  • A five-judge Appellate Division issued 323 pages of split opinions, with some judges urging a new trial and one calling for dismissal of the case.
  • Attorney General Letitia James said she will ask the New York Court of Appeals to review the decision.
  • Trump declared a “TOTAL VICTORY” and can seek the return of his $175 million bond as a separate Justice Department subpoena of the AG’s records continues.