Tiny Red HandsBack

Fraud liability survived appeal; the half-billion-dollar remedy did not

Date
2025-08-21
Entry type
civil-liability-and-appeal
Current status
Liability and injunctive relief affirmed; disgorgement vacated; further appeal pending
Last reviewed
2026-09-03

New York's Appellate Division affirmed the judgment's liability and injunctive components but vacated the disgorgement awards as an excessive fine. Further appeals were docketed in the Court of Appeals.

Entities and roles

Claims and evidence

  1. factdocumented

    The New York Court of Appeals docketed the parties' further appeals as APL-2025-00171.

  2. factreversed

    The Appellate Division vacated the $464,576,230.62 disgorgement component of the judgment as an excessive fine under the Eighth Amendment.

  3. factfound-liable

    The Appellate Division affirmed the civil-fraud judgment's liability and injunctive relief, concluding that the record supported findings that Trump and other individual defendants violated Executive Law section 63(12) through underlying New York Penal Law violations.