{
The decision from a five-judge panel provides a significant legal boost for Trump in the case, which was brought by New York Attorney General Letitia James.
“The 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,” Justice Peter Moulton wrote in one of three opinions, none of which commanded a majority.
James, a Democrat, sued Trump in September 2022. She said her office had uncovered “incredible fraud and illegality,” alleging that Trump, his two eldest sons and former Trump Organization executives had lied to lenders to get cheaper real estate financing.
Her lawsuit claimed that Trump’s financial statements systematically overestimated the value of his marquee Manhattan skyscrapers, golf courses and other properties in financial statements to lenders.}
townhall.com
The decision from a five-judge panel provides a significant legal boost for Trump in the case, which was brought by New York Attorney General Letitia James.
“The 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,” Justice Peter Moulton wrote in one of three opinions, none of which commanded a majority.
James, a Democrat, sued Trump in September 2022. She said her office had uncovered “incredible fraud and illegality,” alleging that Trump, his two eldest sons and former Trump Organization executives had lied to lenders to get cheaper real estate financing.
Her lawsuit claimed that Trump’s financial statements systematically overestimated the value of his marquee Manhattan skyscrapers, golf courses and other properties in financial statements to lenders.}
Appeals Court Lays Waste to Letitia James' Legal Assault on Trump
Appeals court dismisses $500 million fraud penalty against Trump, boosting his legal standing.
townhall.com
