Say it isn't so, Trump cheat...
These fking people never stop.
Trump Media co-founders sue company, alleging a scheme to dilute shares
The case could complicate a long-delayed bid by the owner of Truth Social to go public — and deliver former president Donald Trump a financial lifeline
The co-founders of former president Donald Trump’s media company filed a lawsuit Wednesday, claiming that Trump and other leaders had schemed to deprive them of a stake in the company that could be worth hundreds of millions of dollars.
The case could complicate a long-delayed bid by Trump Media & Technology Group, owner of the social network Truth Social, to merge with a special purpose acquisition company called Digital World Acquisition and become a publicly traded company.
That merger deal, which could value Trump’s stake in the company at more than $3 billion, would offer the former president a financial lifeline at a time when he is facing more than $454 million in penalties from a civil fraud judgment this month in New York.
Representatives for Trump, Trump Media and Digital World did not immediately respond to requests for comment.
more:
http://www.washingtonpost.com/technology/2024/02/29/truth-social-lawsuit-trump-media-founders/?