The Supreme Court granted a certiorari in the case earlier on Wednesday and ordered lower courts to suspend consideration of the issue until the top court sends down its judgment.
The Supreme Court set the required briefs in the case to be filed on or before March 19.
Earlier this month, a US federal appeals court ruled that Trump is not immune from prosecution in his 2020 election interference case, which Trump appealed to the Supreme Court.
Request to Delay Enforcement of Fraud Case Fines Delayed
The Judge presiding over former President Donald Trump's civil fraud case has rejected a request by Trump's attorneys to delay the enforcement of the penalties in the case but did grant a stay, court documents show.
"The judgment orders unprecedented and punitive disgorgement of nearly $460 million and overbroad permanent injunctive relief... in the absence of legal authority or factual support," Trump's attorneys argued in the request.
Though the judge, Arthur Engoron, denied the request to stay the fines, he did grant the former president an interim stay of the judgment barring him from running New York businesses or taking out loans from New York banks for three years.
"Over opposition, appellants are granted an interim stay of the branches of Supreme Court's judgment, entered February 23, 2024, which enjoined the individual defendants from serving in the financial control function of any New York corporation or similar business entity...in New York State...and which enjoined certain individual and corporate defendants from applying for loans from any financial institution chartered by or registered with the New York State Department of Financial Services for 3 years," wrote Engoron.
Last week, a US judge ruled that Trump is liable for more than $354 million in his civil fraud trial in New York.
The civil fraud case against Trump was brought by New York Attorney General Letitia James for allegedly lying about the value of Trump properties, for which James sought $370 million in fines and to ban Trump from the New York State real estate industry. Trump has repeatedly denied any wrongdoing in the case.