JPMorgan Seeks to Remove Trump Lawsuit from State to Federal Court

Bank says Trump improperly named CEO Dimon as defendant to get case into state court

Published on Feb. 27, 2026

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JPMorgan Chase and its CEO Jamie Dimon have filed a court motion arguing that President Donald Trump improperly included Dimon as a defendant in his $5 billion debanking lawsuit against the bank. The bank claims Trump did this in an attempt to get the case into state court, but that Dimon as a bank officer is regulated by federal agencies and should not be named. JPMorgan is seeking to move the case to federal court in Manhattan.

Why it matters

This case highlights the ongoing legal battles between former President Trump and major corporations like JPMorgan Chase. It also touches on the broader issue of debanking, where banks choose to close the accounts of certain individuals or businesses, which has become a controversial practice.

The details

In a court filing, JPMorgan and Dimon denied the allegations in Trump's lawsuit, which claimed the bank engaged in trade libel by putting Trump on a 'blacklist' and closing some of his accounts in 2021. The bank said it was unaware of any such blacklist. JPMorgan is seeking to transfer the case from state court in Miami to federal court in Manhattan, a common tactic for corporate defendants who prefer federal court.

  • Trump filed the $5 billion lawsuit in a Miami-Dade County court in January 2026.
  • JPMorgan and Dimon filed the court motion on February 19, 2026 in federal district court in Miami.

The players

JPMorgan Chase

A major American multinational investment bank and financial services company.

Jamie Dimon

The chairman and CEO of JPMorgan Chase.

Donald Trump

The former President of the United States who filed the $5 billion lawsuit against JPMorgan Chase in his personal capacity.

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What they’re saying

“The defendants committed these tortious acts only because of the president's America First policies, which have saved our nation. President Trump is standing up for all those wrongly debanked by JPMorgan Chase and their cohorts, and will see this case to a just, and proper conclusion.”

— Spokesperson for Trump's legal team (ksgf.com)

What’s next

The judge will decide whether to grant JPMorgan's request to transfer the case from state to federal court.

The takeaway

This lawsuit is the latest in a series of legal battles between former President Trump and major corporations, highlighting the ongoing tensions between Trump's 'America First' policies and the business interests of large financial institutions like JPMorgan Chase.