The withdrawal ends a legal battle over the 2019 release of Trump’s tax records, which had sought $10B in damages from the IRS.
Former U.S. President Donald Trump has withdrawn his $10 billion lawsuit against the Internal Revenue Service, terminating a legal dispute over the unauthorized disclosure of his tax returns in 2019. The dismissal was filed in federal court on Monday, marking an abrupt conclusion to the case.
The lawsuit, initiated in 2022, alleged improper handling of Trump’s financial records and sought significant damages. The IRS had previously denied wrongdoing, and the case had drawn attention amid broader debates over tax transparency and presidential accountability.
No immediate market reaction was reported following the filing.