President Trump has dropped his $10 billion lawsuit against the Internal Revenue Service (IRS), which alleged the agency failed to protect Trump and the Trump Organization from an unauthorized leak of their tax returns.
The dropped lawsuit comes amid the Justice Department announcing the creation of a $1.776 billion “Anti-Weaponization Fund.”
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The Justice Department said the fund was part of a settlement agreement in President Donald J. Trump v. Internal Revenue Service.
“Per the settlement, plaintiffs will receive a formal apology but no monetary payment or damages of any kind. There are no partisan requirements to file a claim. Any money left when the Fund ceases operations will revert to the Federal Government,” the Justice Department said.
“There is legal precedent for such a Fund, most notably the ‘Keepseagle’ case where the Obama Administration created a $760 million fund to redress various claims alleging racism against the federal government over a period of decades,” it added.
Justice Department
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