"Allegations of Hacking and Corporate Coup: Trump Media's Legal Battles"

1 min read
Source: CNBC
"Allegations of Hacking and Corporate Coup: Trump Media's Legal Battles"
Photo: CNBC
TL;DR Summary

Investment firms led by the former CEO of the SPAC that merged with Donald Trump's media company have filed a federal civil lawsuit accusing a current member of the media company's board of directors, Eric Swider, of hacking and stealing their files in an attempted corporate coup to replace the CEO of the special purpose acquisition company, Digital World Acquisition Corp. The lawsuit seeks damages and an injunction to prohibit the use of the stolen information, adding to the series of legal disputes that have characterized Trump Media's rocky road to an IPO and its turbulent first weeks as a public company.

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