A New York state appeals court on Thursday tossed out a massive monetary fine for civil business fraud imposed on President Donald Trump , his company, and other defendants related to a lawsuit by state Attorney General Letitia James .

The appeals court said the eye-popping penalty — which rose to more than $500 million since it was imposed in early 2024 — violates the U.S Constitution 's Eighth Amendment, which prohibits "excessive fines."

But the court in the same ruling upheld Manhattan Supreme Court Judge Arthur Engoron 's finding that Trump and the others committed business fraud by overstating the value of real estate assets owned by the Trump Organization to boost Trump's purported net worth. Those actions helped the company get better loan terms and other financial

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