Judge Ramos found that argument “unpersuasive” and concluded that Trump’s legal team will unlikely to win in a lawsuit seeking to stop the subpoenas. He denied their request to issues a stay on his ruling,
Trump’s legal team told Judge Ramos that it was a “safe bet” for them to appeal his decision.
In a motion submitted to the court before the hearing on Wednesday, the lawyers representing the House committees argued that Trump’s efforts to block the subpoenas were “flatly inconsistent with nearly a century of Supreme Court precedent.”
Deutsche Bank remains committed to following the court order
In a statement to CNBC, Kerrie McHugh, the spokeswoman for Deutsche Bank, said, “We remain committed to providing appropriate information to all authorized investigations and will abide by a court order regarding such investigations.”
Judge Ramos’ decision came two days after Washington D.C. Judge Amit Mehta ruled that Mazars, the firm providing accounting services to Trump, must comply with the subpoena from the House Oversight and Government Reform Committee.
