Trump Files Lawsuit Against Truth Social Co-Founders for Alleged Stock Rights Mismanagement

Wednesday, 3 April 2024, 00:39

Former President Donald Trump has taken legal action against the co-founders of Truth Social, accusing them of mishandling the platform's initial stages and seeking to revoke their stock holdings in the company post its IPO. The lawsuit raises concerns over corporate governance and potential implications for shareholder rights in start-ups.

https://store.livarava.com/24eeb5a3-f162-11ee-8943-87cc5c87fb08.jpg — Trump Files Lawsuit Against Truth Social Co-Founders for Alleged Stock Rights Mismanagement

Trump Sues Truth Social Co-Founders Over Stock Dispute

Former President Donald Trump has sued the co-founders of Truth Social, alleging they mismanaged the social media platform early on and should therefore lose their stock in the company.

Details of the Lawsuit

Trump accuses co-founders of mishandling Truth Social's launch
Legal action seeks to revoke stock shares from co-founders

The lawsuit filed by Trump has brought attention to issues of corporate governance and the implications of mismanagement.

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