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Trump Gains Partial Victory From NYC Appeals Court

via C-SPAN
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

Partial victory

via Forbes Breaking News

In a significant development, an appeals court has granted former President Donald Trump permission to continue operating his business in New York and to seek loans from banks, temporarily lifting a ban imposed by a Manhattan Supreme Court judge.

Found liable

via FOX

This decision comes amidst a legal battle following a civil fraud case filed by New York Attorney General Letitia James, in which Trump and his company were found liable for business fraud. The recent court ruling carries substantial implications for Trump’s business operations and financial pursuits amidst ongoing legal challenges.

Impossible to secure

via MSNBC

Trump’s lawyers argued the conditions made it impossible to secure a loan to post the full bond to pause enforcement pending appeal.

Unlawful and unconstitutional

via C-SPAN

His lawyers claimed the “exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond.” The AG’s office responded there was no merit to Trump’s claims and a full bond was necessary given his lack of liquid assets.

Partial victory

via CBS

The appeals court granted Trump a partial victory in his challenge to the $454 million penalty imposed in the NY AG’s civil fraud case against him. While allowing Trump to temporarily operate his business and apply for bank loans, the court ruled he must still pay the fine.

General Dennis Fan

via FOX

Senior Assistant Solicitor General Dennis Fan wrote, “Defendants all but concede that Mr. Trump has insufficient liquid assets to satisfy the judgment.”

Full bond or deposit

via MSNBC

“These are precisely the circumstances for which a full bond or deposit is necessary,” he continued. Both sides will present further arguments before a final ruling from the appeals court.

Pivotal development

via CNN

The appeals court’s decision to allow Donald Trump to temporarily continue operating his business in New York and pursue loans signifies a pivotal development in the legal dispute stemming from the civil fraud case. The court’s ruling temporarily lifts the ban imposed by Manhattan Supreme Court Judge Arthur Engoron, which prohibited Trump from seeking loans in New York and placed restrictions on his business activities.

Business operations

via ABC

This temporary reprieve granted by the appeals court provides Trump with the ability to conduct business operations and explore potential financial arrangements, pending further legal proceedings and a full appeals court panel hearing the motion for a stay.

Temporary ban lift

via ABC

The decision by the appeals court to temporarily lift the ban enables Trump to maintain business operations and pursue essential financial activities, including the ability to seek loans from banks. This development holds significant implications for the Trump Organization’s ongoing operations and its ability to engage in financial transactions critical to its business activities.

Trump’s business

via C-SPAN

The temporary permission granted to Trump to operate his business and apply for bank loans offers a degree of flexibility and continuity for his business endeavors, providing an interim reprieve from the constraints imposed by the previous court ruling.

Civilly liable

via FOX

The recent court ruling comes amid a broader legal dispute initiated by New York Attorney General Letitia James, who pursued a civil fraud case against Trump and his company. The original judgment found Trump and the Trump Organization civilly liable for engaging in fraudulent activities related to the valuation of real estate assets.

Legal challenges

via ABC

As the legal proceedings continue, the appeals court’s decision to allow Trump to temporarily operate his business and pursue bank loans underscores the complex legal landscape and the ongoing legal challenges faced by the former president and his company.

Window of opportunity

via ABC

The temporary reprieve granted by the appeals court provides a window of opportunity for Trump to navigate and address the legal and financial ramifications stemming from the civil fraud case. As the legal proceedings unfold, the future implications and outcomes of this legal dispute will continue to shape the trajectory of Trump’s business operations and financial pursuits.

Temporary permission

via ABC

The temporary permission granted to Trump to operate his business and apply for bank loans offers a degree of flexibility and continuity for his business endeavors, providing an interim reprieve from the constraints imposed by the previous court ruling.

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This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak,...

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