President Donald Trump has scored a significant win, with a New York appeals court throwing out the half-a-billion-dollar penalty he received in his business fraud case.
The decision on Aug. 21 was issued after a hearing last year in which the appeals court seemed skeptical of the case against Trump.
A concurring opinion from Justice Peter Moulton said that the lower “court’s disgorgement order, which directs that defendants pay nearly half a billion dollars to the State of New York, is an excessive fine that violates the Eighth Amendment of the United States Constitution.”
New York Supreme Court Justice Arthur Engoron ruled against Trump in February 2024, leaving him with a judgment exceeding $460 million with interest accruing. Trump posted a bond of $175 million, with the appeals process playing out in the New York Appellate Division, First Judicial Department….
Appeals Court Tosses Trump’s $500 Million Civil Penalty in Business Fraud Case
