NEW YORK (Reuters) -A New York state appeals court on Thursday threw out an approximately half-billion-dollar penalty that Donald Trump had been ordered to pay after a judge found the U.S. president fraudulently overstated the value of his properties and other assets to bolster his family business.

The decision by a five-judge panel of the Appellate Division in Manhattan represented a defeat for New York Attorney General Letitia James, whose office brought the civil fraud lawsuit against Trump in 2022.

James' case had been among Trump's biggest legal losses in a slew of lawsuits against him in recent years.

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Lawyers for Trump did not immediately respond to requests for comment. James' office did not immediately respond to simila

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