Subscribe
Israel-Hamas Conflict
US Immigration
Donald Trump
Kamala Harris
Immigration
US Economy
US Politics
NFL
Volleyball
Taylor Swift
NBA
White House
Women's Rights
Published

Trump Media sues its co-founders, accuses them of 'severe mismanagement'

  • Trump Media is suing its co-founders for allegedly failing to launch the company and trying to obstruct the deal.
  • After Trump Media went public, the stock surged up to 50%, but plummeted following a $58.2 million loss in 2023.
  • Trump Media's lawsuit is seeking damages for alleged breaches of fiduciary duty by the co-founders, who are pushing back with claims of owed stock.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
BBC NewsBBC News

Trump sues Truth Social partners for 'mismanagement'

Donald Trump is seeking that the two ex-Apprentice contestants lose shares in the now public company.

·United Kingdom
Read Full Article
The IndependentThe Independent

Trump sues Truth Social co-founders demanding the two ‘Apprentice’ stars lose shares

Former president files lawsuit against Andy Litinsky and Wes Moss arguing they set up parent company improperly and should forfeit stock

·London, United Kingdom
Read Full Article
NDTVNDTV

Donald Trump Sues Truth Social Co-Founders, Accuses Them Of Mismanagement

Former US president Donald Trump has filed a lawsuit against the co-founders of Truth Social, claiming that they should forfeit their shares in the recently public business due to their mismanagement of the social media network, as per a report in NBC News. The IPO of Truth Social went public on March 26 while the lawsuit was filed on March 24. Trump Media & Technology Group Corp. requested a judge strip executives Andy Litinsky and Wes Moss of …

·New Delhi, India
Read Full Article
Associated Press NewsAssociated Press News

Trump sues two Trump Media co-founders, seeking to void their stock in the company

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

·United States
Read Full Article
Hindustan TimesHindustan Times

Donald Trump accuses Truth Social co-founders of IPO delays and costly missteps in new lawsuit

Former President Trump takes legal action against Truth Social co-founders, citing mismanagement and significant IPO delays.

·New Delhi, India
Read Full Article
USA TodayUSA Today

Trump Media sues Truth Social founders Andrew Litinsky, Wes Moss for 'reckless' decisions

Trump Media has filed a lawsuit against co-founders Wesley Moss and Andrew Litinsky, accusing them of mismanaging the company.

·United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 49% of the sources are Center
49% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Donald TrumpDonald Trump
BusinessBusiness
US EconomyUS Economy
IPOIPO
Stock MarketsStock Markets
Republican PartyRepublican Party
PoliticsPolitics
Trending Topics
Ground News logo
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble NewsletterTimelines
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc
News
For You
Search
BlindspotLocal