A New York appeals court has struck down the $464 million civil fraud penalty against President Donald Trump and his company, ruling that the fine is unconstitutionally “excessive”. The five-judge panel in Manhattan upheld a finding that Trump broke the law by inflating asset values like Mar-a-Lago, but rejected the size of the penalty. This decision marks a major victory for Trump over New York Attorney General Letitia James, who brought the case.
Source: https://www.bloomberg.com/news/articles/2025-08-21/trump-464-million-ny-civil-fraud-penalty-vacated-on-appeal