Former U.S. President Donald Trump has reignited a legal battle from five years ago, filing a $5 billion lawsuit against JPMorgan Chase (JPMC) and CEO Jamie Dimon. The lawsuit alleges the bank closed Trump-linked accounts in February 2021 for political reasons following the January 6 Capitol riot.
Filed in Miami’s state court, the case claims JPMC violated financial fairness principles. 🌐 A bank spokesperson stated: "This lawsuit is without merit. We close accounts based on risk factors, not politics."
While Trump’s team argues the closures were retaliatory, legal experts debate whether the case can overcome banking sector discretion protections. The outcome could set precedents for how financial institutions handle politically sensitive clients.
