"Trump Files Lawsuit Against Truth Social Co-Founders for Mismanagement"

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Source: Gizmodo
"Trump Files Lawsuit Against Truth Social Co-Founders for Mismanagement"
Photo: Gizmodo
TL;DR Summary

Trump Media Technology Group, owner of Truth Social, has filed a lawsuit against the co-founders of the platform, Andy Litinsky and Wes Moss, accusing them of mismanaging the company's operations and hindering its public merger. Litinsky and Moss had previously sued Trump Media for diluting their shares in the company. The lawsuit comes after Truth Social's volatile stock performance following its SPAC deal, with speculation that the cash infusion could help Trump settle his legal bills, including a $454 million fraud case and an $83.3 million defamation suit.

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