Trump and his kids just suffered another humiliating defeat in court as judge says Deutsche Bank subpoena can proceed

Trump and his kids just suffered another humiliating defeat in court as judge says Deutsche Bank subpoena can proceed
Royalty-free stock photo ID: 196597040 WASHINGTON - MAY 27, 2014 - Real estate mogul Donald Trump and his daughter Ivanka pose before his luncheon speech to the National Press Club.
News & Politics

Judge Edgardo Ramos ruled against President Donald Trump and his kids on Wednesday as they tried to stop congressional subpoenas for the family and the Trump Organization's financial records from Deutsche Bank and Capitol One.

Lawyers for the family argued that the subpoenas should be blocked to protect their rights if further litigation resulted in the subpoenas being declared illegal. They wanted more time to argue the matter before the judge, and they argued that he should protect the possibility that he would eventually rule in their favor.

But the judge didn't see this as a plausible outcome. Indeed, it was quite obviously a stalling tactic without basis in the law.

Ramos found that Trumps' objections “are not sufficiently serious' enough to delay the subpoena."

"The court concludes that the plaintiffs have not raised any serious questions," he said. He noted that Congress's authority to issue subpoenas is "well-settled."

"We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations.," Deutsche Bank told CNBC after the ruling.

This is only the latest in Trump's defeats in court. He has committed himself to opposing all subpoenas from Congress. And on Monday, another judge ruled that Trump couldn't block Congress from subpoenaing his accounting firm.

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