Trump sues Truth co-founders
SAN FRANCISCO — Donald Trump is suing two co-founders of Trump Media & Technology Group, the newly public parent company of his Truth Social platform, arguing that they should forfeit their stock in the company because they set it up improperly.
The former U.S. president’s lawsuit, which was filed on March 24 in Florida state court, follows a complaint filed in February by those co-founders, Andy Litinsky and Wes Moss. Their lawsuit sought to prevent Trump from taking steps the two said would sharply reduce their combined 8.6% stake in Trump Media. The pair filed their lawsuit in the Delaware Court of Chancery.
Trump’s lawsuit claims that Litinsky and Moss, who were both contestants on Trump’s reality-TV show “The Apprentice,” mishandled an attempt to take Trump Media public several years ago, allegedly putting the whole project “on ice” for more than a year and a half.
But it also targets the pair over their Delaware suit against Trump, saying that it was one of several attempts they made to block Trump Media’s ultimately successful plan to go public.
Trump Media accomplished that goal by merging with a publicly traded shell company called Digital World Acquisition in March.
More Stories
Listening House program that hires homeless, low-income workers to clean downtown streets expands
With temperatures in the low 20s, Dantrell Meekins hunted for spent cigarettes around the base of the world’s largest loon...
ICE Boston arrests 2 accused of child sex abuse
Federal immigration officials based in Boston have nabbed two noncitizens accused of child sexual abuse either in their own country...
Lucy Morgan makes PWHL debut for short-handed Frost in loss to New York
With first puck drop closing in Saturday afternoon at Xcel Energy Center, goaltender Lucy Morgan was set to watch her...
Patriots make nine transactions ahead of season finale vs. Bills
The Patriots turned over nearly 10% of their roster before their Week 18 game against the Bills at Gillette Stadium....
Massachusetts is ranked the second worst state for one-way U-Haul movers, but the ‘trend is reversing,’ state says
Wanna get away? It appears that many Bay Staters want to as Massachusetts remains stuck in the basement for one-way...
Ticker: S&P 500 rallies to its first gain since Christmas
Wall Street snapped out of its holiday-season funk. The S&P 500 rallied 1.3% Friday for its first gain since Christmas...