Posted on 09/27/2024 4:45:01 AM PDT by Libloather
A panel of New York appeals court judges appeared skeptical about the gargantuan $454 million civil fraud judgment Donald Trump was dealt after he was found liable for business fraud — with one jurist calling it “troubling.”
The former president is attempting to reverse or reduce the judgment of $354 million — plus an additional $100 million in interest — after a judge sided with New York Attorney General Letitia James, who argued in a lawsuit Trump inflated his net worth by billions to get better loan and insurance terms.
Trump’s lawyers, who have called Judge Arthur Engoron’s February ruling “draconian, unlawful, and unconstitutional,” appeared before a five-judge panel on a Manhattan appeals court on Thursday to plead their case.
Some judges appeared receptive to changing the bond.
Judge Peter Moulton questioned if James’ lawsuit turned into “something it was not meant to do.”
Moulton added the “immense penalty in this case is troubling.”
Trump attorney D. John Sauer argued that James’ lawsuit stretched New York consumer protection laws. There were “no victims” and “no complaints” about Trump’s businesses from lenders and insurers, Sauer claimed.
The lawyer claimed the case was “a clear-cut violation of the statute of limitations,” noting transactions used in the non-jury trial.
If the verdict is not overturned, he warned, “people can’t do business in real estate” confidently.
(Excerpt) Read more at nypost.com ...
New York court judges
Democrats and always open to any left bidder?.
Is Arthur Engoran the son of Bob Denver who played Gilligan on Gilligan’s Isle?
Do you really think they care?
I care about the extremely sloppy reporting on legal issues so that basic legal principles are not understood by the public. We sound uninformed when we use criminal terms to refer to civil cases
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