A state appellate court in New York threw out President Trump's roughly $465 million fine in his civil fraud case Thursday morning. Why it matters: The court decision finding that Trump inflated his wealth on financial statements was one of the few legal cases that wasn't stalled or dismissed as a result of Trump's presidential victory.

Driving the news: The court was split on several aspects of New York Judge Arthur Engoron's decision in the case, but agreed to toss the massive fine against the president because it was too big to justify. • "While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State," the ruling said. • New York Attorney General Letitia James could continue to pursue the fine by appealing the justic

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