New York Appeals Court Overturns Trump's Half-Billion Dollar Penalty
A New York appeals court nullified a $454.2 million penalty against Donald Trump, imposed for alleged property value inflation to benefit his business. The ruling is a setback for Attorney General Letitia James, who filed the lawsuit. The appeal questioned the penalty's justification and alleged prosecutorial overreach.
In a significant legal turn, a New York state appeals court has nullified a $454.2 million penalty against former U.S. President Donald Trump. The penalty was initially levied by Justice Arthur Engoron, who determined Trump had inflated property values to secure favorable terms for the Trump Organization.
The five-judge panel's decision marks a setback for New York Attorney General Letitia James, who had initiated the civil fraud lawsuit. During the appeal process, judges voiced skepticism, suggesting potential overreach in the case brought against Trump and his associates, including his sons and former CFO.
While the appeals court lifted the financial penalty, restrictions imposed by Engoron on Trump's business activities remain paused. Trump's legal team argued the penalty was excessive, maintaining their client's innocence. The court has allowed a monitor's oversight of the Trump Organization to continue amid ongoing legal proceedings.
(With inputs from agencies.)
Google News