New York Attorney General Letitia James appealed a court ruling that overturned a $500 million penalty against Donald Trump and his company for business fraud. The Appellate Division voided the penalty, citing the Eighth Amendment's prohibition against excessive fines. James argues the fine, imposed for inflating real estate values to secure better loan terms, should be reinstated by the state's highest court. The appeal doesn't detail specific arguments, which will be outlined in future filings.

Prepared by Lauren Mitchell and reviewed by editorial team.