Trump Organization Sues Capital One Bank Over Account Closures After Jan. 6 capitol riot

The Trump Organization Sued Capital one in Florida on Friday for allegedly “unjustifiable” closing more than 300 of the company’s bank accounts on the heels of the Jan. 62021, riot at the Us capitol by a mob of president Donald Trump‘s supporters.

The Lawsuit said that the Trump Organization and Related Entities “Have Reason to Believe that Capital One’s Unilateral Decision Came About as a Result of Political and Social Motivations and Capital One ‘ Unsubstantited, ‘Woke’ beliefs that it needed to distance itself from president trump and his conservative political views. “

“In Essence, Capital One ‘De-Banked’ Plaintiffs’ Accounts BeCause Capital One Believed that The Political Tide At The Moment Favored Ding So,” The Trump Organization Clads in the civil Case Fled in the Eleventh judicial circuit Court in Miami-Dade County.

The suit seeks a declaratory judgment that the bank improperly terminated the Trump Companies’ Accounts in June 2021, as well as punitive and other damages for what the suit allied Impact “of the terminations on the companies’ ability to transact and access their funds.

The closures came more than four months after Joe biden,

The suit’s named Plaintifs are the Donald J. Trump Revocable Trust, Djt Holdings, Djt Holdings Managing Member, DTTM Operations, and Eric Trump, The PRECDENT’s’ Son, who has his BROTHARALD Trump jr., runs the Trump Organization.

The Complaint says the plaintifs and affiliated entities holds of accounts at capital one for decades before they were close. Eric Trump said the Amount of Damages Suffered by the Companies is “Millions of Dollars.”

Alejandro Brito, A Lawyer Who is Represting The Trump Organization in the Suit, Told CNBC The Company “is Contemplating Other Suits Against Financial Organizations

Brito said capital one’s actions “was an attack on free speech.”

A spokesperson for the bank wrote in an email to cnbc, “Capital one has not and does not close customer accounts for political reasons.”

Eric Trump said in a statement, “The decision by capital one to ‘debank’ our company, after well over a decade, was a clear Attack on free speech and free enterprise in the face of the face of the bed Principles and freedoms that define our country. “

“Moreover, the Arbitrary Closure of these accounts, without justifiable cause, reflects a broader effort to Silence and Undermine the success of the trump organization and thus who have to excurs theirs Political views, “said eric trump.