• Thu. Apr 25th, 2024

The Battle for Trump Media: A Legal Saga of Intrigue and Controversy

BySamantha Nguyen

Apr 3, 2024
Lawsuit Filed by Donald Trump Against Co-Founders of Trump Media & Technology Group, Andy Litinsky and Wes Moss

In a recent lawsuit filed in the Delaware Court of Chancery, Donald Trump has accused Andy Litinsky and Wes Moss, co-founders of Trump Media & Technology Group, of improper setup. The lawsuit claims that Litinsky and Moss should forfeit their stock in the company due to their alleged mishandling of an attempt to take Trump Media public years ago.

Litinsky and Moss, who appeared on Trump’s reality-TV show “The Apprentice,” had previously filed a complaint in February to prevent Trump from reducing their combined 8.6% stake in the company. However, their lawsuit was later filed in the Delaware Court of Chancery.

Trump’s lawsuit criticizes Litinsky and Moss for their Delaware suit against him, which aimed to block Trump Media’s successful plan to go public by merging with Digital World Acquisition. The legal battle with Litinsky and Moss has been ongoing since its market debut, with Trump Media’s shares experiencing fluctuation. Most recently, the stock closed at $51.60, up 6%, valuing the company at $5.9 billion. Despite this success, the ongoing legal battle continues to be a point of contention for many observers.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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