The Trump Organization has filed a lawsuit against Capital One in Florida, claiming the bank unjustifiably closed more than 300 of their accounts following the Jan. 6, 2021, Capitol riot. The lawsuit alleges that Capital One’s decision was politically motivated and based on unsubstantiated “woke” beliefs. The Trump Organization seeks a declaratory judgment and monetary damages for the impact on their ability to transact and access funds. The closures occurred four months after the riot, which was fueled by false claims of election fraud by President Trump. The named plaintiffs include Donald J. Trump Revocable Trust, DJT Holdings, and Eric Trump. The Trump Organization’s lawyer, Alejandro Brito, indicated they may sue other financial organizations for similar conduct. Capital One denies closing accounts for political reasons. Eric Trump called the bank’s actions an attack on free speech and free enterprise. He criticized the closures as an effort to silence and undermine the success of the Trump Organization. The lawsuit claims the damages suffered by the companies are in the millions of dollars. The case highlights the ongoing controversies surrounding the aftermath of the Capitol riot and the intersection of politics, business, and freedom of expression.
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