No. Replace your word "only" with the actual first independent clause in the sentence that you left out.
"Fraud vitiates every thing, and a judgment equally with a contract; that is, a judgment obtained directly by fraud, and not merely a judgment founded on a fraudulent instrument; for, in general, the court will not go again into the merits of an action for the purpose of detecting and annulling the fraud."
The second clause qualifies the first. My previous post remains correct.