An appeals court has thrown out a $500m penalty that President Donald Trump was ordered to pay in a New York civil fraud trial last year.
Judge Arthur Engoron had ordered Trump to pay the fee for massively inflating the value of the Trump Organization's properties in order to secure favorable loans.
The judges on the New York Supreme Court's Appellate Division stated that while Trump was liable for the fraud, the fine of nearly half a billion dollars was excessive and probably violated constitutional protections against severe punishment.
American voters had "obviously rendered a verdict" on Trump's political career, Judge Moulton also wrote, and "this bench today unanimously derails the effort to destroy his business".
The ruling came almost a year after the panel heard oral arguments on the appeal, during which several judges appeared skeptical of the civil fraud case.
Comment:
Was that decision expected by the legal minds? Just a thought.
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