A half-billion-dollar judgment against President Trump and his business empire was thrown out by a divided appeals court Thursday, though the fraud case against him was left intact.

It’s a stunning turn in the battle between the president and New York Attorney General Letitia James (D), who accused the real estate mogul of inflating his net worth for tax and insurance benefits in a 2022 lawsuit that threatened his billionaire status and company.

Here are five takeaways from the pivotal decision.

'Excessive' fine gone; other penalties remain

Though the judges were deeply split otherwise, they agreed that the financial penalty imposed on the Trump Organization by the trial court was unlawfully excessive.

Judge Arthur Engoron had ordered the defendants — Trump, his eldest sons and top ex

See Full Page