Minutes after a New York court threw out a nearly half-billion dollar penalty against Donald Trump in a civil fraud lawsuit, the president declared the ruling a “total victory.” Trump still has plenty of reasons to appeal.

While the intermediate appeals court vacated the $464 million penalty, it still found Trump liable for fraud and left in place other sanctions that were part of the verdict in the landmark case brought by New York Attorney General Letitia James. That includes a temporary ban on Trump and two of his sons serving as corporate officers in New York.

“My guess is that Trump will want to remove the stain of this liability ruling,” said Adam Kaufmann, a white-collar criminal defense lawyer in New York, who isn’t involved in the case.

James, a Democrat, sued Trump and his spr

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