Economy June 13, 2026 01:20 AM

Trump Rebuts Allegations Tying IRS Lawsuit to $1.8 Billion Fund

Court filing calls claims speculative as judge considers whether to reopen case over settlement tied to former tax-return disclosure

By Caleb Monroe
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In a filing last Friday, attorneys for President Donald Trump argued that his $10 billion lawsuit against the Internal Revenue Service was not a sham intended to create a $1.8 billion fund and that Justice Department officials had the authority to negotiate the settlement that gave rise to the now-abandoned payment pool. The filing responds to a petition from 35 former federal judges who urged a probe into whether the lawsuit and subsequent settlement were used to shield allies and establish the fund under the guise of resolving a legal dispute.

Trump Rebuts Allegations Tying IRS Lawsuit to $1.8 Billion Fund
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Key Points

  • Trump's lawyers argued in a Friday filing that the $10 billion lawsuit against the IRS was not a fraud and that Justice Department officials had authority to negotiate the settlement that produced the proposed $1.8 billion fund. - Sectors impacted: Legal, Political risk-sensitive financial markets.
  • A group of 35 former federal judges asked a court to investigate whether the lawsuit and settlement were used to create the fund rather than resolve a genuine legal dispute; they claim Trump effectively controlled both sides. - Sectors impacted: Legal, Governance and compliance functions across government-related entities.
  • U.S. District Judge Kathleen Williams is considering whether to reopen the case; if reopened, testimony could be required from Trump's lawyers, aides, and Justice Department attorneys. Lawyers for the former judges must respond by June 19. - Sectors impacted: Judicial processes and government legal departments.

President Donald Trump has denied assertions that his litigation against the Internal Revenue Service was part of a plan to establish a $1.8 billion fund for alleged victims of political "weaponization," according to a Bloomberg report.

In court papers filed on Friday, lawyers for Trump rejected the notion that the $10 billion lawsuit against the IRS amounted to a fraud on the court. The attorneys also defended the Justice Department's authority to reach the settlement that led to the fund proposal, which has since been abandoned.

The filing was submitted in response to a petition from a group of 35 former federal judges who asked the court to investigate whether Trump and Justice Department officials used the lawsuit as a vehicle to create the fund while presenting the arrangement as an ordinary legal settlement.

Trump's legal team said the former judges' allegations rest on conjecture and do not supply evidence demonstrating collusion between the parties. The filing characterizes the charges as speculative and argues they fall short of showing that the litigation or settlement were improper.

U.S. District Judge Kathleen Williams in Miami is weighing the former judges' request and deciding whether to reopen the case to examine those claims more closely. If the judge orders the case reopened, the court could compel testimony from people involved in the matter, including Trump's attorneys, aides, and Justice Department lawyers.

The group of former judges contended that Trump effectively controlled both sides of the dispute because the lawsuit targeted a federal agency operating within his administration. They alleged that there was no bona fide legal controversy for the court to resolve, implying the proceeding may have been used to achieve other ends.

Lawyers representing the former judges are due to file their response to Trump's submission by June 19.

The underlying dispute traces back to a settlement tied to Trump's lawsuit over the unauthorized disclosure in 2019 of his tax returns by an IRS contractor. That contractor later entered a guilty plea and served a prison sentence.

Acting Attorney General Todd Blanche told Congress earlier this month that the government would not proceed with the proposed fund after lawmakers raised concerns. Critics had warned the money might be directed to Trump allies and supporters.

Despite the abandonment of the fund, one provision of the settlement remains intact, according to the report; that element provides Trump with protection from future investigations related to his past tax filings.

The legal confrontation continues on several fronts. Separate lawsuits are challenging portions of the settlement, and a federal judge in Virginia recently barred officials from taking actions connected to the fund while litigation is ongoing.


Note: This article reports on claims and court filings as presented in the referenced filing and the former judges' petition. It reflects positions and motions currently under judicial consideration and does not introduce new facts beyond those set out in the filings and related reports.

Risks

  • Uncertainty whether the court will reopen the case, which could lead to compelled testimony and extended litigation - Risk to legal costs and reputational risk for the parties involved, affecting legal service providers and government counsel.
  • Potential for additional lawsuits and judicial orders that could block actions tied to the settlement, as already occurred in a Virginia court - Risk to any parties expecting distributions or relying on settlement protections, including political allies and recipients.
  • Political and congressional scrutiny has already influenced the government's decision not to move forward with the proposed fund; future political pressure could further constrain settlement outcomes - Risk to public-sector decision making and to entities sensitive to reputational or governance concerns.

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