After taking an unprecedently long time to announce a decision, the Appellate Divisions of the Supreme Court of New York State has FINALLY done the right thing and overturned the weaponized, despicable civil fraud decision against President Donald Trump.

I have been compulsively stalking the Appeals Court's First Judicial Department's website for months now, waiting for this decision to be announced, no matter how it came down. It has obviously been a painful and difficult journey for the five-judge panel, and even as I type, they haven't been able to bring themselves to post their own decision. The TDS is strong in NYC, but the magnificent news is seeping out nonetheless. 

Well-connected legal expert Jonathan Turley first broke the rumor of an announcement on X at 10:48 Thursday a.m.:

The AP broke the story moments later:

An appeals court has thrown out the massive civil fraud penalty against President Donald Trump, ruling Thursday in New York state’s lawsuit accusing him of exaggerating his wealth.

The decision came seven months after the Republican returned to the White House. A panel of five judges in New York’s mid-level Appellate Division said the verdict, which stood to cost Trump more than $515 million and rock his real estate empire, was “excessive.”

After finding that Trump engaged in fraud by flagrantly padding financial statements that went to lenders and insurers, Judge Arthur Engoron ordered him last year to pay $355 million in penalties. With interest, the sum has topped $515 million.

This is a developing story. Please check back here for updates.