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Will the New York appeals court reduce the $454M penalty in Trump's civil fraud judgment by November 5, 2024?
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New York appeals court ruling
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New York Appeals Court Hears Trump's Appeal Against 'Troubling' $454M Civil Fraud Judgment
Sep 26, 2024, 06:51 PM
A New York appeals court is currently hearing arguments in former President Donald Trump's appeal against a civil fraud judgment that could cost him nearly $500 million. The case, originally ruled on by Justice Arthur Engoron, found Trump liable for inflating the value of his assets to secure favorable loans and insurance premiums. The judgment includes a $489 million penalty, which has grown by $24 million in interest. The five-judge panel expressed skepticism about the state's case, questioning whether the $454 million penalty was too high and if the New York Attorney General, Letitia James, overstepped her authority. One judge, Peter H. Moulton, called the penalty 'troubling.' The decision could come before Election Day, and Trump has one more appeal available if this effort fails.
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