President Donald Trump filed the suit after the leak of his and his family’s tax returns to the media.
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President Donald Trump has agreed to drop his family’s $10 billion lawsuit against the IRS over the leak of their tax filings to the media, his lawyers said in a court filing Monday.
The filing did not mention details of any settlement he may have reached with the agency.
The suit — which Trump, his two eldest sons and the Trump family business filed in January — sought as much as $10 billion in damages for the theft of their tax filings by a former agency consultant who then leaked them to news organizations.
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The former contractor, Charles Littlejohn, also leaked confidential tax records filed by other wealthy Americans. He pleaded guilty and was sentenced in 2024 to five years in prison in a case a judge called “the biggest heist in IRS history.”
“The IRS wrongly allowed a rogue, politically-motivated employee to leak private and confidential information about President Trump, his family, and the Trump Organization to the New York Times, ProPublica and other left-wing news outlets, which was then illegally released to millions of people,” a spokesperson for Trump’s legal team said in a statement last week. President Trump continues to hold those who wrong America and Americans accountable.”
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Perry Stein contributed to this report.
This is a developing story and will be updated.
