Trump threatens to sue accounting firm if it complies with House subpoena for his financial records
President Donald Trump. (AFP / SAUL LOEB)

Attorneys for President Donald Trump on Monday threatened to take legal action against the accounting firm Mazars USA if it complies with a subpoena from House Democrats for the president's financial records.

In a letter to Mazars, Trump's attorneys -- William S. Consovoy and Stefan Passantino -- accuse Democrats of trying to take down the president, Politico reported.

“It is no secret that the Democrat Party has decided to use its new House majority to launch a flood of investigations into the president’s personal affairs in hopes of using anything they can find to damage him politically,” the letter said.

Politico added:

The attorneys said they were formally putting Mazars ”on notice” — an implicit threat of legal action. They also urged Bernstein to hold off on providing the documents to Cummings until the subpoena can be litigated in court, suggesting that a protracted legal battle is likely to ensue.

“The Democrats’ fervor has only intensified after the special counsel squelched their ‘Russia collusion’ narrative,” the attorneys continued, outlining a series of legal precedents which they argue prevents Mazars from complying with Cummings’ subpoena.

House Oversight Committee Chairman Jerry Nadler (D-NY) has agreed to issue a so-called "friendly" subpoena to Mazars on Monday, giving the company legal cover to release the records.

Read the entire report here.