A New York court throws out the $500 million civil fraud penalty levied against the Trump Organization, a huge win for the president and a blow to one of his chief rivals, New York State Attorney General Letitia James. Meanwhile, my son is being suspended and being characterized as someone he s not. All that and more coming up in a moment on your AM Update.
00:02:46.940This is healthcare that works for you.
00:02:48.460A massive legal victory for President Donald Trump and the Trump Organization on Thursday.
00:02:56.380A New York appellate court tossing out the $465 million civil fraud judgment in a case brought by Attorney General Letitia James.
00:03:06.220The number ballooning to over half a billion dollars after interest.
00:03:11.180The ruling and embarrassing blow to A.G.
00:03:13.460James, now under investigation herself for alleged mortgage fraud, who made it her mission in life to tell us no one is above the law and who ran for office promising to bring down Donald Trump by any means necessary.
00:03:27.420A flashback from a 2023 speech here at a leftist event.
00:03:32.660I will be honored when I walk into that courtroom on October 2nd.
00:03:38.220I will come back before you soon with a check for $250 million and to let you know that he is no longer allowed to do business in the state of New York.
00:03:48.000Rabidly hard left partisan Judge Arthur Engeron finding Mr. Trump liable in early 2024 in a ruling that sounded more like it was written by a jilted bride than by a sober trial judge.
00:04:00.740Finding Mr. Trump had inflated the value of his assets to get better loan and insurance terms, slapping the defendants with devastating fines and other non-monetary injunctive relief measures, which remain untouched by today's decision.
00:04:14.780President Trump taking his victory lap on Thursday in D.C.
00:04:19.080I had a victory today, you know, they stole $550 million from me with a fake case and it was overturned.
00:05:05.980White House senior counselor Peter Navarro, himself a victim of lawfare, having served prison time for refusing to comply with a congressional subpoena, reacting to reporters from the White House.
00:05:17.700Leticia James is another one that belongs in jail.
00:05:20.360The Democrats, look, they really overplayed their hand on this because they thought they could take Donald Trump out.
00:05:29.220And in the process, they totally destroyed American people's faith in our Justice Department.
00:05:34.900And they got him a lot of, got President Trump a lot of votes because of that.
00:05:39.640All five appellate court justices tossing the half-billion-dollar fine, though split on other aspects of the case.
00:05:47.320Thursday's ruling leaving in place smaller penalties against the organization, including a ban on Don Jr. and Eric Trump running New York companies for two years.
00:05:56.860But the court noted the defendants could seek a stay on the judgment until the state's highest court rules.
00:06:03.120A.G. James trying to spin her devastating loss in a statement, quote,
00:06:08.600Yet another court has ruled that the president violated the law.
00:06:12.840We will seek appeal to the Court of Appeals and continue to protect the rights and interests of New Yorkers.
00:06:18.980Former assistant U.S. attorney for the Southern District of New York, Andy McCarthy, Thursday on Fox,
00:06:23.860suggesting an appeal could further vindicate the Trump organization.
00:06:27.800They will deal with the question that seems to have vexed the appellate division,
00:06:32.000which is the whole merits of the case and whether Leticia James,
00:06:36.620the attorney general in New York state should have been able to use a consumer protection statute that had never been used in this way to try to establish a fraud case based on sophisticated financial actors,
00:06:52.760where, you know, this is not a situation that a consumer protection statute was ever meant to apply to.
00:06:58.780The so-called victims in this case, large, sophisticated corporate banks, said they were paid back in full plus interest and had no complaints about the deals with Mr. Trump.
00:07:09.520President Trump serving dinner to D.C. law enforcement on Thursday night,
00:07:15.860thanking the officials for their work as part of the federal takeover of local policing in Washington,
00:07:21.380a temporary measure under the Home Rule Act.
00:07:24.480Mr. Trump at the Anacostia Park Police Station praising law enforcement.
00:07:28.640I've never received so many phone calls thanking me for what we've done in Washington, D.C.,
00:07:34.600from people that haven't gone to a restaurant in literally in four years.
00:07:38.480And they said, you know, what you've done is it's unprecedented because they said it was just unsafe.
00:07:47.160But I know within two weeks, it's going to be, Pam, it's going to be at a level that's even far superior.
00:07:52.620Since the federal takeover, D.C. police, federal agents and the National Guard demonstrating a massive show of force throughout the district,
00:08:00.200the White House reporting more than 630 arrests, including 251 people in the country illegally.
00:08:07.200With the administration pointing to these arrests as proof the streets are safer,
00:08:11.560the media now scrambling to paint a different picture.
00:08:14.720NBC Washington reporter Amy Cho posting a video Wednesday afternoon
00:08:18.600showing D.C. police and federal agents detaining a man on the National Mall.
00:08:23.380Agents tackling the suspect to the ground after he ran, resisting arrest.
00:08:27.780The man heard screaming in Spanish, quote,