In February, they sued the company, claiming that Trump Media — which made its trading debut last month at an $8 billion valuation — was trying to deprive them of the full value of their shares.
Now they also claim the company is trying to prevent them from selling those shares.
In a separate lawsuit that followed, Trump Media claimed that Mr. Moss and Mr. Litinsky should forfeit their shares because their poor decision-making had contributed to a yearslong delay in its merger with Digital World Acquisition Corporation.
Trump Media agreed to merge with Digital World, a cash-rich shell company, in 2021 as a way to go public, but the deal closed only in March.
The pair’s stake is worth more than $220 million based on the current $26 share price of Trump Media, compared with $2 billion for Mr. Trump.
Persons:
Wes Moss, Andy Litinsky, Donald J, Trump, Moss, Litinsky
Organizations:
Trump Media & Technology Group, Truth, Trump Media, Acquisition Corporation