Official court ruling or press release from the New York appeals court

New York Appeals Court to Hear Trump's $454 Million Civil Fraud Judgment Appeal Amid Skepticism

Sep 26, 2024, 02:30 PM

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 his real estate empire, includes a penalty of $489 million, which has grown by $24 million in interest. The case, presided over by Justice Arthur Engoron, found Trump liable for inflating the value of his assets to secure favorable loans and insurance premiums. A five-member panel of appellate judges will hear the arguments, and their decision could come before Election Day. The appeals panel has signaled skepticism towards the $454 million judgment, raising the possibility that the fine could be reduced or vacated. The judges expressed concern that Letitia James overstepped her prosecutorial authority, calling the penalty 'troubling.'