The Trump Organization has filed a lawsuit against Capital One in Miami-Dade Circuit Court over the bank's 2021 decision to close hundreds of the organization's accounts [1]. The timing coincides with Capital One's pending $35 billion merger with Discover Financial Services.

According to court documents filed Friday, the Trump Organization alleges Capital One terminated more than 300 accounts holding millions of dollars in March 2021, following the January 6 Capitol riot. The organization claims the closures were politically motivated [1][2].

Key details of the lawsuit include:

The Trump Organization and affiliated entities had conducted tens of millions in transactions through Capital One over decadesThe accounts were closed "without warning or provocation"The lawsuit alleges violations of multiple states' consumer protection and fraud laws

The legal action comes at a critical time for Capital One, which requires federal regulatory approval for its proposed merger with Discover Financial Services. Legal experts have weighed in on the timing and potential implications:

"Capital One should be able to easily get the case dismissed, but that it may not matter because the Trump Organization has them over a barrel," said Georgetown Law professor Adam Levitin [1].

Cornell Law School professor George Hay noted that while antitrust concerns may be minimal, "a banking authority may simply be able to say no" to the merger without requiring court proceedings [1].

Neither Capital One nor the Trump Organization have responded to requests for comment. The White House has also declined to comment on the matter [1][2][3].