Key Points
Former US President Donald Trump has filed a lawsuit against Wes Moss and Andy Litinsky, the co-founders of the social media platform Truth Social.P)..
The lawsuit alleges mismanagement by the executives, which Trump claims led to significant delays in the companys Initial Public Offering (IPO)..
Filed in a Florida state court, the suit by Trump Media & Technology Group Corp. seeks to have the co-founders shares in the company rescinded..
Read now. . Moss and Litinsky, who previously appeared as contestants on Trumps television show The Apprentice, proposed the idea of Truth Social to Trump after his ban from Twitter in the wake of the January 6, 2021, Capitol riot..
The suit was filed on March 24, subsequent to the approval by shareholders of Digital World Acquisition Corp. to merge with Trump Media & Technology Group, now renamed Trump Media, where Trump is the principal shareholder.. Trump probably diluted Truth Social's shares, co-founders sued the platform..
