In a opinion today, the Second Circuit held that two financial institutions must comply with recent subpoenas issued by the House Permanent Select Committee on Intelligence and the House Financial Services Committee seeking information related to the Trump Organization and Trump family businesses.  President Trump and others had filed a suit to prevent the banks from complying with the subpoenas (see our previous coverage here).

The Second Circuit affirmed in part Judge Ramos’ earlier denial of President Trump’s request for an injunction.  In part, the Second Circuit found that the public interest outweighed individual privacy concerns because the lead plaintiff was the President of the United States:
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In a complaint filed yesterday, President Trump, his children, and entities related to Trump family businesses sued two financial institutions to prevent them from responding to recent subpoenas issued by the House Permanent Select Committee on Intelligence and the House Financial Services Committee.  The subpoenas seek banking and financial records related to Trump family businesses; 

In an opinion dated Friday but released this morning, Judge Gardephe largely upheld subpoenas to a congressional committee and a staffer concerning allegedly unlawful stock trading under the STOCK Act, which essentially extended insider trading laws to Congress.  (See our previous coverage of the case here.)

Judge Gardephe found that the subpoenas were not

In a brief filed Friday, a committee of the U.S. House of Representatives and a staffer, Brian Sutter, argued why they need not comply with an SEC subpoena relating to an investigation under the STOCK Act, which essentially extends the insider trading laws to Congress (see our prior post on the case here). Among other arguments, the committee and Mr. Sutter invoked sovereign immunity:
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