Published 4 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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BBC 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.

4 months ago·United Kingdom

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The Guardian

Trump sues ex-Apprentice contestants over ‘failings’ in setting up Truth Social

Former president seeks to block Wesley Moss and Andrew Litinsky from receiving Trump Media stock worth over $400m

4 months ago·London, United Kingdom

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The 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

4 months ago·London, United Kingdom

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NDTV

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 …

4 months ago·New Delhi, India

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Associated 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

4 months ago·United States

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