Trump Media & Technology Group Claims Co-Founders Made 'Reckless and Wasteful' Decisions: Lawsuit Details
Wednesday, 3 April 2024, 00:15
Trump social media company sues co-founders, alleging 'reckless and wasteful' decisions
Former President Trump's social media company is suing two of its co-founders, claiming they failed to perform basic duties and delayed the firm's recent merger with "a series of reckless and wasteful decisions." The lawsuit from Trump Media & Technology Group, the parent company of Truth Social, alleges that Wesley Moss and Andrew Litinsky "failed spectacularly" to set up a corporate leadership structure for the company and nearly derailed its plans to merge with a publicly traded firm.
Key Points:
- Trump Media accuses co-founders of harming the company with negotiations
- Challenges faced by Truth Social as a public company detailed
- Trump's significant stake in Truth Social highlighted
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