00:02A Florida federal judge ruled that Trump filed a $10 billion lawsuit against the Internal
00:06Revenue Service for an improper purpose and used the case to support a settlement lacking
00:11a viable legal or factual basis, according to CNBC.
00:14The agreement granted Trump, family members, and related businesses protection from certain
00:19audits and enforcement actions and briefly prompted the Justice Department to create
00:24a $1.8 billion compensation fund.
00:26Judge Kathleen Williams said Trump and the government had the same interests, leaving
00:31no genuine legal dispute or uncertainty over the outcome.
00:34She did not void the settlement, but said its audit protections conflicted with federal
00:39law and could raise constitutional concerns.
00:42The judge also referred Trump's attorney to the Florida Bar and restricted the parties
00:46from citing the agreement as a valid court settlement.
00:49For all things money, visit Benzinga.com
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