WASHINGTON — President Donald Trump filed paperwork on Monday seeking to dismiss his $10 billion legal action against the Internal Revenue Service concerning the unauthorized release of his tax documents, following recent reports suggesting a settlement was imminent.
The information was revealed through documentation submitted to a federal courthouse in Florida, the location where the legal action was originally initiated.
Last week, ABC News initially reported that Trump was ready to abandon his legal case as part of an agreement that would establish a $1.7 billion compensation fund for presidential allies who claim they faced improper investigation and criminal charges.
The federal court documents did not include details regarding any possible settlement terms.
