More than 30 former federal judges have asked a federal judge in Florida to examine whether the administration’s reported $1.8 billion settlement resolving President Trump’s lawsuit against the IRS may constitute a “fraud on the court,” escalating what had appeared to be a closed dispute into a potentially significant fight over judicial integrity and executive-branch litigation conduct.

The filing is notable not because it decides anything on the merits, but because of who is making the request and what doctrine they are invoking.

The Securities and Exchange Commission announced on May 18, 2026 that it has rescinded Rule 202.5(e), ending the agency’s long-standing practice of requiring settling parties not to publicly deny the SEC’s allegations. The change marks a notable shift in enforcement policy and is likely to alter the leverage, messaging, and negotiation dynamics in SEC resolutions going forward.

For decades, the SEC’s settlement framework allowed defendants to resolve cases without admitting wrongdoing in many instances, but it also prohibited them from later publicly disputing the agency’s allegations.