Published 11 months ago • loading... • Updated 11 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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Vanity Fair

Trump Sues the Truth Social Cofounders Who Made Him Billions in “Trumpiest” Lawsuit of All Time

Meanwhile, the company’s stock price has hit the skids.

11 months ago·United States

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Fox Business

Trump Media sues co-founders alleging former 'Apprentice' contestants' stock ownership claim is void

Trump Media & Technology Group (TMTG) is suing two Truth Social co-founders, arguing they are not entitled to the 8.6% stake in the company they claim to own.TMTG, the social media firm launched by former President Donald Trump, filed a lawsuit last month in Florida court against former "Apprentice" contestants Wesley Moss and Andrew Litinsky, claiming an agreement between the co-founders and Trump himself that laid out ownership is now void.The…

11 months ago·United States

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CBS News

Trump Media sues former "Apprentice" contestants and Truth Social co-founders to strip them of shares

Former President Donald Trump's media business is alleging that two co-founders mismanaged the social media company.

11 months ago

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USA 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.

11 months ago·United States

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The Daily Boulder

Trump Sues Truth Social Co-Founders, Alleges Corporate Sabotage

Former president Donald Trump has filed a lawsuit against two key figures behind his Truth Social venture, Trump Media and Technology Group (TMTG), alleging improper establishment of the company and demanding the forfeiture of their shares. The lawsuit targets Andy Litinsky and Wes Moss, both former participants on Trump’s NBC reality show “The Apprentice,” who transitioned into roles as co-founders of TMTG. Trump’s lawsuit, filed in Sarasota C…

11 months ago

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Futurism

Trump Sues "Truth Social" Cofounders as Company's Stock Crumbles

Only the Best People Former president Donald Trump is suing two co-founders of his media company Trump Media and Technology Group (TMTG), which owns his far-right social media network Truth Social. Trump alleges the two co-founders Andy Litinsky and Wes Moss — two former "The Apprentice" contestants, if you can believe it — set the company up for failure. It's a hilarious new chapter in his slapdash bid to cash in on his ailing Twitter clone, wh…

11 months ago

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