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Lawsuit Filed by Donald Trump Against Co-Founders of Trump Media & Technology Group, Andy Litinsky and Wes Moss

A lawsuit has been filed by former president Donald Trump against co-founders Andy Litinsky and Wes Moss of Trump Media & Technology Group, the parent company of Truth Social. The lawsuit alleges that Litinsky and Moss should forfeit their stock in the company due to improper setup. The two men had previously filed a complaint in February to prevent Trump from reducing their combined 8.6% stake in the company, filing their lawsuit in the Delaware Court of Chancery.

In their complaint, Litinsky and Moss accused Trump of mishandling an attempt to take Trump Media public years ago. This alleged mishandling caused a delay in the project for more than a year and a half. Additionally, Trump’s lawsuit criticizes Litinsky and Moss for their Delaware suit against him, which aimed to block Trump Media’s successful plan to go public by merging with Digital World Acquisition.

Trump Media’s shares have experienced fluctuation since its market debut. Most recently, the stock closed at $51.60, up 6%, valuing the company at $5.9 billion. The ongoing legal battle with Litinsky and Moss continues to be a point of contention for many investors and stakeholders in the company.

Despite this legal challenge, Trump Media has been able to achieve significant success as a publicly traded company. The company has continued to innovate and grow under its leadership team, making it an exciting investment opportunity for those looking for high-potential stocks.

Overall, it is clear that there are still unresolved issues between Trump and his former business partners litigating over his past business dealings with them. However, as investors continue to show support for Truth Social through its strong performance on the stock market, it remains optimistic about the future of this innovative social media platform.

The legal battle between Donald Trump and his co-founders Andy Litinsky and Wes Moss is far from over as they continue to challenge each other’s claims in court over improper setup of Truth Social’s parent company,

By Samantha Jones

As a dedicated content writer at newsaca.com, I bring a unique blend of creativity and precision to my work. With a passion for storytelling and a keen eye for detail, I strive to craft engaging and informative articles that captivate our readers. From breaking news to thought-provoking features, I am committed to delivering content that resonates with our audience and keeps them coming back for more. Join me on this exciting journey as we explore the ever-evolving world of news and information together.

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