A panel of New York appeals judges threw out the massive fine levied as part of Engoron’s judgment, which found that Trump and his business associates fraudulently inflated the value of assets in order to obtain better business deals and reflect a higher net worth for Trump.

The judges did not reach a majority on determining whether Trump was correctly found liable for fraud, with two judges ruling the fine was excessive but Engoron was correct to find him liable, while two other judges took issue with the merits of the judge’s ruling.

“While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award to the State,” judges wrote about the fines levied against Trump and his co-defendants, arguing New York “is not entitled to compound its victory with a massive punitive fine” and that the size of the fine is disproportionate to the amount of money the state lost as a result of the misstated valuations.

The ruling will clear Trump of the massive nine-figure fine he stood to pay in the case, but both parties can still appeal the ruling to New York’s highest state court, keeping the case alive.

This story is breaking and will be updated.