Trump family drops $10B IRS lawsuit amid DOJ settlement chatter

1 min read
Source: CNBC
Trump family drops $10B IRS lawsuit amid DOJ settlement chatter
Photo: CNBC
TL;DR Summary

Donald Trump, his two eldest sons, and The Trump Organization dropped a $10 billion civil suit against the IRS in a Miami court with prejudice, blocking further judicial review. The move comes as reports emerged that the DOJ was negotiating a $1.7 billion settlement to fund allies claiming mistreatment by the Biden administration, and occurred ahead of a court deadline to confirm whether a live case exists.

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