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Former President Donald Trump

All articles tagged with #former president donald trump

business1 year ago

"Trump Media Sues Co-Founders Over Mismanagement Allegations"

Trump Media & Technology Group, owner of Truth Social, has filed a lawsuit against two former "Apprentice" contestants and co-founders, seeking to eliminate their stakes in the company, alleging reckless and wasteful decisions. The lawsuit comes amidst a legal battle over the company's public offering, with the former President's net worth spiking as a result. The lawsuit asks the court to force the co-founders to return their stake, valued at about $444 million, claiming they were "riding President Trump's coattails."

via CNN|
#business#business-dispute#former-president-donald-trump
business1 year ago

"Trump Media Co-founders Sue to Protect Stake Ahead of Merger"

Former "Apprentice" contestants and Trump Media cofounders, Andy Litinsky and Wes Moss, have filed a lawsuit accusing company executives, including Donald Trump, of attempting to dilute their stake in the company ahead of a potential merger. The lawsuit could complicate an upcoming shareholder vote on the merger that would take the company public. Litinsky and Moss claim that the executives sought to increase the amount of authorized stock, which would reduce their stake to less than 1% ahead of the merger. The lawsuit is the latest of three legal challenges facing the Trump Media and Digital World Acquisition Corp merger, which has faced ongoing delays due to SEC investigations.

via Yahoo! Voices|
#business#former-president-donald-trump#lawsuit
business-legal1 year ago

"Legal Battles Threaten Trump Media's Merger and Fortune"

Former "Apprentice" contestants and Trump Media & Technology Group cofounders, Andy Litinsky and Wes Moss, have filed a lawsuit alleging that the company conspired to dilute their shares ahead of a merger that would take the company public. The lawsuit could complicate an upcoming shareholder vote on the merger, with Litinsky and Moss claiming that executives, including Donald Trump, sought to reduce their stake in the company. The lawsuit is the latest in a series of legal challenges facing the company, which has been attempting to merge with Digital World Acquisition Corp for two years.

via Business Insider|
#business-legal#former-president-donald-trump#lawsuit
politics1 year ago

"Oklahoma GOP Censures Senator Lankford for Bipartisan Border Talks"

The Oklahoma Republican Party passed a resolution condemning Sen. James Lankford for his involvement in bipartisan border negotiations, accusing him of jeopardizing the security and liberty of Oklahomans. The resolution reflects the GOP's reluctance to undermine former President Donald Trump, who opposes the compromise deal. Lankford, however, remains positive about the deal and dismisses misinformation about its content, while the text of the compromise border deal is expected to go to the Senate floor soon.

via CNN|
#bipartisan-border-talks#censure-resolution#former-president-donald-trump