By JENNIFER PELTZ and MICHAEL R. SISAK Associated Press

NEW YORK (AP) — An appeals court has thrown out the massive civil fraud penalty against President Donald Trump , ruling Thursday in New York state’s lawsuit accusing him of exaggerating his wealth.

The decision came seven months after the Republican returned to the White House. A panel of five judges in New York’s mid-level Appellate Division said the verdict, which stood to cost Trump more than $515 million and rock his real estate empire, was “excessive.”

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