In a bold legal move, an individual has filed a staggering $500 billion lawsuit against major federal financial institutions, accusing them of tortious interference with business relations and contracts. The complaint was lodged by Ronald Satish Emrit in the United States District Court for the Middle District of Louisiana on April 8, 2025, targeting the Federal Reserve Bank, Federal Open Market Committee (FOMC), Bureau of Engraving and Printing (BEP), and National Mint.
Ronald Satish Emrit, a self-represented plaintiff, alleges that these defendants have interfered with his business dealings through their roles in implementing tariffs imposed by former President Donald Trump on Canada, Mexico, and China. Emrit claims these tariffs have adversely affected the American economy and seeks a declaratory judgment from Chief Judge Shelly Dick to address this issue. He argues that the Federal Reserve Bank's actions in managing inflation through interest rate adjustments have been insufficient to counteract the negative impacts of these tariffs. Emrit further accuses the defendants of failing to justify their interference with his business relationships and contractual agreements.
The plaintiff's demands are extensive. Emrit is pursuing punitive, compensatory, and treble damages amounting to $500 billion against all four defendants. He suggests that this case could evolve into a class action lawsuit representing impoverished Americans affected by these economic policies. Additionally, he seeks an injunction to prevent further implementation of Trump's tariffs and demands adjustments in interest rates managed by the Federal Reserve Bank.
Emrit's complaint delves into various legal arguments under federal statutes such as Title VII of the Civil Rights Act of 1964 and the Americans with Disabilities Act of 1990. He contends that these statutes are relevant due to their implications on constitutional law provisions like the Equal Protection Clause and Due Process Clause. Moreover, he asserts that jurisdiction is proper under federal question grounds due to the significant monetary amount involved.
The plaintiff is represented pro se but has made substantial claims regarding his personal circumstances as an indigent, disabled resident who divides his time between Florida and Maryland. His father is noted as a recognized musician along the Atlantic coast. Emrit also references ongoing litigation related to patent applications and immigration matters involving his fiancée from Ukraine.
The case has been assigned Case ID 3:25-cv-00302-BAJ-EWD but lacks representation from any specific law firms or attorneys beyond Emrit himself acting pro se.