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Published 2 months ago

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.
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