Trump family and companies sued to prevent banks from complying with subpoenas

President TrumpDonald John TrumpTrump hits Biden while he marks the 2020 Trump trail blames union leaders after Biden gets key support. Grassley in Trump: NAFTA lift rates or new agreement are "dead", members of his family and private companies filed a federal lawsuit late Monday against Deutsche Bank and Capital One to prevent financial institutions from complying with Congressional summonses.

The lawsuit, filed in the southern district of New York, comes after the chairman of the Intelligence Committee of the House of Representatives Adam SchiffAdam Bennett SchiffGOP ready to bolster his spy business Pelosi should take a page of Tip's play book O Neill Impeachment without conviction is playing straight in the hands of Trump PLUS (D-Calif.) And Chair of the House Financial Services Committee Maxine WatersMaxine Moore WatersOur Lady can not be more urgent than people without shelter or food. Maxine Waters denounces the judge's decision to release a Coast Guard officer accused of threatening her. The Hill & # 39; s Morning Report – Biden Targets Trump, First Battle Fields MORE (D-Calif.) Published subpoenas seeking information on Trump's personal finances.

"The subpoenas were issued to harass President Donald J. Trump, to search every aspect of his personal finances, his business and private information of the president and his family, and to search for documents that could to serve him political damage. There is no reason to establish a purpose other than political, "says the complaint.

Trump's lawyers are seeking an injunction "rescinding the subpoenas", as well as injunctions preventing the two financial institutions from handing over the documents.

The lawsuit comes just days after it was learned that Deutsche Bank had started handing over Trump's financial documents to the New York State Attorney's Office in response to a subpoena.

The Hill solicited feedback from Capital One and Deutsche Bank.

In a statement, Trump's legal team said it had taken legal action "to protect the president's privacy rights, his family and their businesses."

"All citizens should be concerned about this total and illegal invasion of privacy," said the lawyers. "We are eager to assert the rights of our customers in this business."

The complaint filed on Monday alleges that subpoenas are generalized and excessive. For example, Trump's lawyers state that the request to Deutsche Bank applies to "parent companies, subsidiaries, affiliates, branches, divisions, partnerships, properties, groups, special purpose entities, joint ventures, predecessors, successors or any other entity in which they operate. or had a majority stake. "

In a joint statement, Schiff and Waters called the trial a "new demonstration of the depths to which President Trump will go to obstruct the control authority of the Congress Constitution."

"This lawsuit is not designed to succeed; it is only designed to postpone any significant liability, "said the presidents. "Trump has already publicly stated that he is fighting all Congressional subpoenas and that he is not respecting the role of Congress as an equivalent branch of government.This unprecedented wall of stones will not work and the American people deserve better. "

This is the second lawsuit the President has filed in recent weeks to close a subpoena to appear before Congress for his financial records.

Along with his private companies, he also sued the chairman of the House oversight and reform committee. Elijah CummingsElijah Eugene CummingsPelosi is expected to take a page from the book of Tip O Neill, the White House, says a former manager can speak to the monitoring committee next week. The Hill & # 39; s Morning Report – Biden Targets Trump, First Battle Fields MORE earlier this month to try to block a subpoena of Trump's financial documents from Mazars accounting firm.

Trump had announced Wednesday that he planned to fight "all subpoenas" issued by Congressional Democrats.

This tactic is well known to the President, who has built a reputation over the course of his real estate career for taking legal action against those who pose a threat to his business.

While the lawsuit against Cummings was the first one used by the president in his fight against subpoenas before Congress, Monday's lawsuit says he will repeatedly turn to the courts for attempt to respond to Congressional requests.

As with the previous trial, the president's lawyers argued that the latter subpoenas are an example of an override of congressional powers. They claim that by asking for the documents, Democratic lawmakers seek to "delve into the private financial information of the plaintiffs in the hope that they will come across something that they can publicly expose and use." as a political tool against the president ".

– Updated April 29 at 23:22.