Trump settles $10 billion IRS lawsuit over leaked tax returns

The Justice Department said Monday that it has reached a settlement resolving Donald Trump and co-plaintiffs’ $10 billion lawsuit over the leak of his tax return information.

The department said the agreement ends the case with prejudice, meaning the plaintiffs will drop the lawsuit and cannot refile it. DOJ also said the settlement includes a formal apology.

According to the official announcement, the deal creates an Anti-Weaponization Fund. The department did not say the plaintiffs will receive monetary damages from the settlement.

The lawsuit stemmed from the disclosure of Trump tax return information. Early reporting on the deal described the fund in different ways, but the Justice Department’s statement said the fund is tied to redressing other claims, not a payment to the plaintiffs.

Multiple major news outlets, including AP, CBS News, ABC News and The Washington Post, reported the settlement on the same day as the DOJ announcement.

What happens next

The main unresolved question is how the Anti-Weaponization Fund will be administered in practice. It is also unclear whether any court review or further filings will add detail on the settlement mechanics.