NEW YORK (AP) — New York’s attorney general moved Thursday to have the state’s highest court reinstate staggering civil fraud penalty, appealing a lower-court decision that slashed the potential half-billion dollar penalty to $0.
Attorney General Letitia James’ office with the state’s Court of Appeals, seeking to reverse the mid-level Appellate Division’s ruling last month that the penalty violated the U.S. Constitution’s ban on excessive fines.