What happened

A fractured New York state appellate court Thursday threw out the roughly $500 million penalty levied on President Donald Trump last year for fraudulently inflating his wealth and property values to obtain favorable loans. Trump claimed a "total victory," but the judges upheld the lower court's fraud judgment and limits on the ability of Trump and his company to conduct business.

Who said what

Trump did harm in inflating his assets , but "it was not the cataclysmic harm that can justify a nearly half-billion-dollar award," Justice Peter Moulton said in one of the three opinions from the five-judge panel. The jumble of rulings marked a "financial victory" and a "measure of legal validation" for Trump, The New York Times said, as well as a "remarkable turn" in his "battl

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