Former President Trump is challenging the $364 million fine a New York judge handed down for his company's fraudulent business practices, multiple outlets reported.
Why it matters: In legal filings Monday, the former president formally signaled his intent to appeal New York Judge Arthur Engoron's ruling, which will trigger a lengthy process that will likely delay its enforcement.
Catch up quick: In addition to the $364 million in penalties, Engoron also barred Trump from running a business as an officer or director in New York for three years.
Why it matters: In legal filings Monday, the former president formally signaled his intent to appeal New York Judge Arthur Engoron's ruling, which will trigger a lengthy process that will likely delay its enforcement.
Catch up quick: In addition to the $364 million in penalties, Engoron also barred Trump from running a business as an officer or director in New York for three years.
- Trump told reporters at the time of the ruling that he'd appeal the decision, and "if we're not successful, New York State is gone."
- New York Attorney General Letitia James sought a $370 million penalty from Trump for allegedly committing decades of financial fraud.
- She also wanted to bar Trump and his two sons from being able to do business in New York ever again.