Politics

Supreme Court Schedules Date for Arguments in Trump Financial Records Cases

The Supreme Court said on Friday that it will hear arguments in three disputes over subpoenas seeking access to President Donald Trumps financial information on March 31 (pdf).

In December, the top court said they agreed to hear the three cases appealing lower court decisions that require Trumps accounting firm Mazars USA and two banks to comply with the subpoenas issued by the House and a New York district attorney in a grand jury probe. At that time, the court did not set a date for arguments.

The disputes dealing with the separation of power and absolute immunity concerns reached the Supreme Court after appellate judges upheld the subpoenas. Two of the cases stem from subpoenas that were issued earlier in the year by three House committees—Financial Services, Intelligence, and Oversight—as part of their probes over allegations of the presidents dealings. Meanwhile, the third case deals with a criminal investigation in Manhattan.

One of the cases centers on a subpoena issued by the House Oversight Committee to Mazars to hand over eight years of financial records involving Trump and his business in April as part of its probe into allegations about the presidents financial statements. Trumps legal team subsequently filed a lawsuit to invalidate the subpoena and asked for an injunction over its enforcement.

In October, a lower court ruled that the committee had the authority to subpoena the records from the New York accounting firm, while the U.S. Court of Appeals for the District of Columbia Circuit rejected Trumps request in November to reconsider the lower courts decision.

Similarly, the second House case involves subpoenas issued by the House Financial Services and House Intelligence committees in April to two banks—Deutsche Bank AG and Capital One Financial Corp.—asking them to turn over Trumps financial documents.

Trump then sued the two banks in April in an effort to stop them from complying with the subpoenas, arguing that the House subpoenas were unlawful and unconstitutional. But, in May, U.S. District Judge Edgardo Ramos ruled that subpoenas have “a legitimate legislative purpose” and could be enforced.

Ramoss ruling prompted Trump to file an appeal in August to the Second Circuit Court. But the court ruled on Dec. 3 that the banks must comply with the subpoenas.

Meanwhile, in the Manhattan grand jury case, District Attorney of New York County Cyrus Vance Jr. issued a subpoena to Mazars requesting Trumps financial records in connection with a criminal case. Vance is investigating alleged hush money reportedly paid to two women during the 2016 presidential campaign—adult film star Stormy Daniels and former Playboy model Karen McDougal. Trump has denied the affairs and any other wrongdoing. Trump sued Vance in September in an attempt to block the subpoena. The district court denied Trumps application for an injunction over the subpoena and dismissed the case in October, prompting the presidents lawyers to file an appeal.

In early November, the Second Circuit Court of Appeals upheld the lower courts decision to deny Trump injunctive relief. The presidents legal team appealed to the Supreme Court on Nov. 14, arguing in their petition (pdf) that the lower courts had incorrectly ruled on the issue of immunity.

Earlier this week, Trumps legal team filed briefs urging the Supreme CouRead More – Source