New York Appeals Court to Hear Trump's $489 Million Civil Fraud Appeal on Thursday

Sep 26, 2024, 11:06 AM

A New York appeals court is set to hear arguments on Thursday in former President Donald Trump's attempt to overturn a civil fraud judgment. The judgment, which could disrupt Trump's real estate empire, amounts to $489 million, including interest. The original verdict was entered by Justice Arthur Engoron after a bench trial. Trump's lawyers will argue before a five-member panel of appellate judges to reverse the ruling that held him liable for inflating the value of his assets to secure favorable loans and insurance premiums. The case has significant financial implications for Trump, with the judgment increasing by approximately $100,000 daily due to accruing interest. A decision could come before Election Day. The ruling stems from a February judgment.