“No grounds exist to establish any purpose other than a political one.”
President Donald Trump and his family are suing Deutsche Bank and Capital One to block subpoenas issued by House Democrats seeking Trump’s financial records.
In the lawsuit filed Monday in New York, Trump’s lawyers argued that the subpoenas serve “no legitimate or lawful purpose.”
“The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage,” the lawsuit contends. “No grounds exist to establish any purpose other than a political one.”
The lawsuit, targeting subpoenas issued by the House Financial Services and Intelligence Committees, is the latest escalation in Trump’s fight against mounting House investigations into his administration and business dealings.
In a joint statement, House Financial Services Chair Maxine Waters (D-Calif.) and House Intelligence Chair Adam Schiff (D-Calif.) said it was a “meritless lawsuit” that was not designed to succeed — but was “only designed to put off meaningful accountability as long as possible.
“As a private businessman, Trump routinely used his well-known litigiousness and the threat of lawsuits to intimidate others, but he will find that Congress will not be deterred from carrying out its constitutional responsibilities,” they said.
Deutsche Bank, a German lender, said in a statement that it was “committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations.”
The lawsuit was filed on behalf of the president; his sons Donald Trump, Jr. and Eric Trump; his daughter Ivanka Trump; and the Trump Organization. Lawyers representing the Trumps include Marc Mukasey, a former law firm partner of Rudy Giuliani, the president’s personal lawyer.
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The president and his family are suing Deutsche Bank and Capital One to block subpoenas issued by House Democrats seeking Trump’s financial records https://t.co/vS3qz2bsGi
— POLITICO (@politico) April 30, 2019
Trump et al v. Deutsche Ban… by on Scribd
I'm getting the feeling that Trump's tax returns aren't under audit and he just really doesn't want anyone to see what he's been up to. https://t.co/Mu5niM4mPG
— Josh Jordan (@NumbersMuncher) April 30, 2019
The complaint gives us new information about what the House has asked for, including that they've requested financial information from parents and children of the plaintiffs, and records from all related entities 2/ pic.twitter.com/7cCjgw5aFQ
— Andrea Bernstein (@AndreaWNYC) April 30, 2019
This is because the only way to have a complete picture is to look at all the related shell companies and LLC's.
Reminder: the President is actively profiting from his business while in office, as is his daughter, Ivanka.
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— Andrea Bernstein (@AndreaWNYC) April 30, 2019
The suit argues the subpoenas are invasive, overly broad, accusing Congress of having a goal "to rummage around in Plaintiff's private financial information in the hope they will stumble upon something they can expose publicly and use as a political tool against the President" 6/
— Andrea Bernstein (@AndreaWNYC) April 30, 2019
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