A divided appeals court tossed the nearly $500 million judgment that President Donald Trump owed to New York for a fraud ruling. Other penalties will stay.

A New York appeals court has tossed out a $454 million civil fraud verdict against Donald Trump and his family business over charges he broke state laws by inflating the values on his properties. In Thursday's ruling,

The ruling spares Trump from a potential half-billion-dollar fine but bans him and his two eldest sons from serving in corporate leadership for a few years.