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The WSJ link, in article summarizes the lawsuit

some of the issues/allegations from article:

-Issue of TARP money and other "bailout money" being repaid as claimed by President Obama and the Obama Administration . Wants audit of bailout programs and FED

--Obama Administration has not brought any criminal charges against banksters yet borrows money from them for his campaign

(excerpts)The Havens for the money laundering schemes - ..are located in such venues as Switzerland... Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran

--while the Obama Administration was publicly encouraging loan modifications for home owners by "Banksters", it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law