NewsKPBS Public MediaAugust 2, 2026San Diego
Capital One seeks dismissal of Trump Organization lawsuit regarding account closures
Capital One is requesting that a judge permanently dismiss a lawsuit filed by Trump-affiliated businesses concerning the closure of hundreds of accounts in 2021. The bank asserts that the closures were the result of an internal review focused on money-laundering concerns rather than the events of Jan. 6, 2021.
Read the full story at KPBS Public MediaWhy It Matters
The outcome of this legal motion will determine whether the Trump Organization's lawsuit against Capital One proceeds to trial or is ed.
Key Facts
- Capital One is seeking a permanent dismissal of a lawsuit filed by Trump-affiliated businesses.
- Capital One closed hundreds of accounts belonging to Trump-affiliated businesses in 2021.
- The bank claims the account closures were based on an internal review regarding money-laundering concerns.
- The bank denies that the Jan. 6, 2021, riot was the reason for the account closures.
Who's Mentioned
organizationTrump Organization“Plaintiff in the lawsuit whose accounts were closed.”organizationCapital One“Defendant in the lawsuit and the bank that closed the accounts.”organizationJPMorgan Chase“Subject of a separate, similar lawsuit.”personDonald Trump“President of the United States.”other385“Number of accounts closed by Capital One.”personEric Trump“Named plaintiff in the lawsuit.”personRoy Altman“Presiding federal judge.”