Trump's Legal Action Against Truth Social Co-Founders for Mismanagement

Wednesday, 3 April 2024, 16:19
Former president Donald Trump has initiated legal action against the co-founders of Truth Social for alleged mismanagement. Trump is aiming to strip the two ex-Apprentice contestants of their shares in the publicly traded company. This move could have significant implications for the ongoing operations and ownership structure of Truth Social.
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Trump's Legal Action Against Truth Social Co-Founders for Mismanagement

Trump's Lawsuit Against Truth Social Co-Founders

Donald Trump has taken legal action against the co-founders of Truth Social, accusing them of mismanagement. Trump is seeking to remove the shares of the two ex-Apprentice contestants from the company, which has recently gone public.

Allegations of Mismanagement

  • Shareholder Dispute: Trump alleges that the co-founders have mismanaged the company, leading to potential financial losses.
  • Ownership Restructuring: Trump's lawsuit could result in a significant shakeup in the ownership structure of Truth Social.
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