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Home»World»North America»United States
United States

Trump files lawsuit against two co-founders of Trump Media, attempting to nullify their company shares

April 3, 2024No Comments2 Mins Read
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Trump’s lawsuit also accuses Litinsky and Moss of attempting to cut Trump Media out of a media venture called Digital World Holdings when they created Music World, a separate company. Litinsky and Moss filed a countersuit in Florida, arguing that Trump had no valid reason to sue them. Litinsky and Moss claim that Trump’s lawsuit is an attempt to improperly seize their shares in Trump Media and Technology Group.

Litinsky and Moss dispute Trump’s allegations, stating that they have been longtime friends and loyal supporters of Trump. They assert that Trump is retaliating against them for their efforts to protect their ownership stake in the company. Litinsky and Moss argue that Trump’s actions are a breach of their agreements and are seeking to have the court uphold their ownership rights in the company.

In response to Trump’s lawsuit, Litinsky and Moss have requested a court order to prevent Trump from interfering with their ownership of the company. They are seeking damages for Trump’s alleged breach of contract and are looking to have their ownership rights protected moving forward. Litinsky and Moss maintain that they have acted in good faith and have always had the best interests of the company in mind.

The legal battle between Trump and the co-founders of Trump Media & Technology Group comes at a time when the company is facing scrutiny over its handling of the Truth Social platform. The platform, which was launched as a conservative alternative to mainstream social media platforms, has faced technical difficulties and backlash from users since its debut. The lawsuit adds another layer of complexity to the company’s challenges as it seeks to establish itself in the competitive social media landscape.

Despite the legal challenges and controversy surrounding Trump Media, the company remains steadfast in its mission to provide a platform for sharing conservative viewpoints. The company’s stock performance has been volatile, but its recent merger with Digital World Acquisition has positioned it for growth and expansion in the future. As the legal battle plays out in court, the future of Trump Media & Technology Group and Truth Social remains uncertain, but the company is committed to overcoming obstacles and achieving success in the social media market.

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