The Briefing Room
General Category => Trump Legal Investigations => Topic started by: corbe on April 03, 2024, 04:15:17 pm
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Trump sues Truth Social co-founders over alleged mismanagement
By Madeline Halpert,
BBC News
Donald Trump's lawyers say two executives mismanaged the company
Donald Trump is suing two co-founders of Trump Media, claiming they should lose their shares of the company for mismanaging his social media site.
The men, Wes Moss and Andy Litinsky, had already filed a suit against Mr Trump in February to prevent him from reducing their 8.6% stake in the firm.
They pitched the idea of Truth Social following the Capitol riot, after Mr Trump was banned from Twitter, now X.
Their shares are currently valued at around $600m (£477m).
In the lawsuit, filed on 24 March in Florida state court, lawyers for the former president say Mr Moss and Mr Litinsky were in charge of Trump Media & Technology Group's daily operations, but "failed spectacularly at every turn".
Trump Media & Technology Group (TMTG) is the parent company of Truth Social.
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https://www.bbc.com/news/business-68725771 (https://www.bbc.com/news/business-68725771)
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I'm beginning to believe that he Loves Courts, Judges and Lawyers in spite of what he says.
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Yet another lesson that if you go into business with Trump you will eventually get tossed aside and sued.
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Lawyers may be the only other soul-less psychopaths capable of understanding what makes Trump tick.
(https://y.yarn.co/2fcfd097-b43f-4ca1-a8cf-4f6b0faba941_text.gif)