President Trump’s family business sued Capital One on Friday for “unjustifiably terminating” more than 300 of its bank accounts after the Jan. 6, 2021, attack on the Capitol, the latest sign that the president and his allies are seeking retribution against those who once shunned them.
In a complaint filed in state court in Florida, the Trump Organization accused the bank of arbitrarily closing its accounts in June 2021 in violation of various consumer protection laws. The accounts held millions of dollars at the time, according to the lawsuit.
“By filing this lawsuit, we seek to hold Capital One accountable for the millions of dollars in damages they caused, not just to our company, but to the many dozens of properties, hundreds of tenants and thousands of Trump Organization employees who relied on these accounts for their livelihoods,” the company said in a statement.
The bank, one of the largest financial institutions in the United States, did not provide a reason at the time for closing the accounts, the lawsuit said.
But in the aftermath of Jan. 6, when Mr. Trump’s supporters stormed the Capitol, a number of financial institutions cut ties with his family’s real estate business. The group’s lawsuit against Capital One could portend similar actions against other banks.
“More to come,” Eric Trump, one of the plaintiffs and the leader of the Trump Organization, said in a statement on Friday.
