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CNN —Trump Media & Technology Group, the Truth Social owner controlled by former President Donald Trump, recently filed a lawsuit against two of its co-founders seeking to eliminate their stakes in the multi-billion dollar company. The lawsuit marks the latest twist in the legal saga surrounding the quest to bring Trump Media and Truth Social public — a deal that has spiked Trump’s net worth and created a frenzy on Wall Street. Trump Media filed a lawsuit on March 24 in Florida state court against Andy Litinsky and Wes Moss, two co-founders of Trump Media. The lawsuit states that Litinsky and Moss were to receive 8.6 million shares in the new company, through United Atlantic Ventures. Trump owns 78.8 million shares in Trump Media, which went public last week.
Persons: CNN —, Donald Trump, Andy Litinsky, Wes Moss, “ Moss, Litinsky, Moss, Maruf Organizations: CNN, CNN — Trump Media & Technology Group, Trump Media, Truth, United Atlantic Ventures, Bloomberg News, Trump Locations: Florida, Moss, Delaware
The media company that Donald Trump recently took public is suing its co-founders, accusing them of failing "spectacularly" to get the company off the ground and then trying to "thwart the deal." In February, Moss and Litinsky sued Trump Media in Delaware Chancery Court over their stake in the company. They made "wasteful decisions" that caused "significant damage" to Trump Media and a decline in DWAC's stock price, the company claims. Trump Media calls the claim that UAV is owed stock "baseless," and says the services agreement Trump signed with UAV in 2021 is no longer valid. Lawyers for Trump Media did not immediately respond to CNBC's request for comment on the lawsuit.
Persons: Donald Trump, Wesley Moss, Andrew Litinsky, Trump, Moss, Litinsky, Patrick Orlando, Eric Trump Organizations: Trump Media & Technology Group, United Atlantic Ventures, Trump, Trump Media, Corp, Nasdaq, Orlando's, Securities and Exchange Commission, Bloomberg, Lawyers Locations: Sarasota County , Florida, Delaware Chancery, Florida
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.
Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware
Sam Bankman-Fried's lawyers claimed that FTX customers had "zero" losses when the exchange collapsed. Had Bankman-Fried held onto the company — and if Ray had listened to his advice rather than spurn him — FTX customers could have gotten their money back quickly, he claimed. In a recent proposal to be approved by the bankruptcy judge, credit would be determined by the value of each customer's assets at the time that FTX filed for bankruptcy. US District Judge Lewis Kaplan and Sam Bankman-Fried. AdvertisementKaplan said that, in any case, Bankman-Fried couldn't be credited for the bankruptcy debtors' work to get FTX customers their money back.
Persons: Sam Bankman, , Lewis Kaplan, Bankman, Fried, Kaplan, John J, Ray III, Ray, FTX, Ray —, bitcoin, Jane Rosenberg Prosecutors, Nicolas Roos, Fried perjured Organizations: Service, Alameda Research, Alameda, , Enron, Residential Capital, REUTERS, FTX Locations: Manhattan, FTX, Las Vegas, Delaware
“The tankers and cargo ships of 1950 aren’t the tankers and cargo ships of today,” said James Salmon, a spokesman for the Delaware River and Bay Authority. “It’s going to do a number on them,” he said of a modern ship and the hazard it poses to a bridge like the one in Baltimore. Image The new bridge ship collision protection system project on the Delaware Memorial Bridge will install eight stone-filled “dolphin” cylinders, each measuring 80 feet in diameter. Credit... Delaware River and Bay AuthorityThe situation with the Key Bridge is “unique,” said Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, which represents state transportation departments. A protection system was subsequently built around the new pier.
Persons: , James Salmon, Francis Scott Key, Michael Rubino, don’t, Joseph Ahlstrom, It’s, “ It’s, Dali, hurtled, Jim Tymon, ” John Snyder, Pete Buttigieg, , Paul, Gerald Desmond Bridge, Matt Gresham, Joong Kim, Michael Forsythe Organizations: Bay Authority, Port, SUNY Maritime College, New York State, American Association of State, Transportation, National Transportation Safety, Sunshine Skyway, Administration, Baltimore Sun, Union, National Oceanic, Atmospheric Administration, Liberty University Locations: Delaware, Bay, Baltimore, Port of Los Angeles, . Delaware, Maryland, Tampa Bay, Tampa, U.S, Minnesota, Union Pacific, St, New York, Bayonne, New Jersey, Staten Island, Long Beach, Calif, New Orleans, Mississippi, Port of New Orleans
President Joe Biden's son has pleaded not guilty to the nine felony and misdemeanor tax offenses. Both cases are overseen by special counsel David Weiss and now have tentative trials scheduled for June, though defense attorneys are also trying to get the Delaware gun charges tossed out. Hunter Biden’s original proposed plea deal with prosecutors had been pilloried as a “sweetheart deal” by Republicans, including Trump. Republicans are pursuing an impeachment inquiry into President Biden, claiming he was engaged in an influence-peddling scheme with his son. If convicted of the tax charges, Hunter Biden, 53, could receive a maximum of 17 years in prison.
Persons: Hunter Biden, Joe Biden's, David Weiss, Donald Trump, Hunter Biden’s, , Joe Biden, Hunter, Biden, Alexander Smirnov, Weiss Organizations: ANGELES, Justice Department, Democratic, Republican, Republicans, Trump, Biden family’s, FBI, Senate Republicans Locations: Los Angeles, California, Delaware
Bankman-Fried's fate will be announced in Manhattan on Thursday morning by Judge Lewis Kaplan, who presided over the monthlong trial in November. Bankman-Fried was found guilty of seven charges tied to the collapse of crypto exchange FTX and the roughly $10 billion of customer deposits that went missing. Lawyers representing the bankruptcy estate of FTX told a judge in Delaware last month that they expect to fully repay customers and creditors with legitimate claims. Bankman-Fried's defense team has asked the court for a sentence in the range of 63 to 78 months. Beyond the fact that he's a "first time, nonviolent offender," attorneys for the FTX founder largely lean on the argument that Bankman-Fried's risky bets paid off and the bankruptcy estate expects to fully repay FTX customers.
Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Kaplan, FTX, Andrew Dietderich, , John Ray III, Michael Kives Organizations: K5 Global, SpaceX Locations: Manhattan, Delaware, Alameda, Bankman, Palo Alto , California
Bankrupt crypto exchange FTX has struck a deal with a consortium of buyers to sell the majority of its stake in artificial intelligence startup Anthropic for $884 million, according to a filing submitted late Friday to a Delaware court. That group is purchasing nearly $500 million worth of Anthropic shares. Multiple sovereign wealth funds were reportedly clamoring for a piece of FTX's Anthropic stake. Jane Street's head of quantitative research, Craig Falls, has also proposed to personally buy around $20 million worth of shares. Should it be approved, the sale would collectively account for nearly two-thirds of FTX's shares in Anthropic.
Persons: Jane Street, Sam Bankman, Fried, Caroline Ellison, Jane Street's, Craig, John Dorsey Organizations: Investment Co, United, United Arab Emirates, CNBC, Alameda Research, Venture, HOF Capital, Ford Foundation, Fidelity Management Locations: Delaware, United Arab, Saudi Arabia, UAE, Craig Falls, Anthropic
A family lost in an Oregon forest used the Emergency SOS feature on their iPhone to survive. Apple's emergency SOS feature via satellite debuted with the iPhone 14 model. AdvertisementA family used an iPhone feature to survive after they came lost in a freezing forest in Oregon, The Chronicle reports. The family activated the Emergency SOS via satellite feature on their iPhone for help, and the Clackamas County Sheriff's Office received their distress signal at 7:30 p.m.AdvertisementApple's Emergency SOS feature via satellite debuted with the iPhone 14 model. The easiest way to activate Apple's Emergency SOS feature is by holding the lock button and one of the volume buttons.
Persons: , Brian McCall Organizations: Chronicle, Service, Office, Clackamas County Sheriff's, SOS, Apple Watch Locations: an Oregon, Oregon, Mt, Hood, Clackamas County, Salmon, Utah, Delaware
TikTok: Is it really Chinese?
  + stars: | 2024-03-18 | by ( Laura He | ) edition.cnn.com   time to read: +8 min
Is TikTok Chinese? In March 2023, CEO Chew was repeatedly pressed by US lawmakers on whether TikTok was Chinese. According to TikTok’s own website, its subsidiaries around the world are all structured under Bytedance Ltd.Is ByteDance Chinese? At last year’s congressional hearing, Chew didn’t directly answer any questions about whether ByteDance is a Chinese company either. That means the Chinese government now owns 1% of Beijing Douyin Information Service, which is the domestic Chinese unit of Bytedance.
Persons: TikTok, Shou Chew, Trump, Chew, Jose Luis Magana, Musical.ly, TikTok’s, ByteDance, Zhang Yiming, Liang Rubo, Zhang, Liang, Jinri, Chew didn’t, Shannon Stapleton, Zhang Fuping, Xi Jinping, Wu Shugang, Shu Yuting Organizations: Hong Kong CNN, TikTok LLC, TikTok Ltd, ByteDance Ltd, Bytedance Ltd, Tianjin’s Nankai University, ByteDance, Carlyle Group, General Atlantic, Susquehanna International Group, Reuters, Communist, Cyberspace Administration, Beijing Douyin Information Service, Chinese Communist Party, National Intelligence Law, Commerce Ministry Locations: China, Hong Kong, United States, Beijing, California, Los Angles, Singapore, Delaware, Culver City , California, Cayman Islands, Shanghai, Chinese, TikTok
NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending. In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likely become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be publicly traded on stock exchanges. Joann's more than 800 stores and its website will continue to operate normally during the bankruptcy process. A decade later Joann, still majority owned by Leonard Green & Partners, went public in an initial public offering at $12 a share.
Persons: Joann, Scott Sekella, Leonard Green Organizations: Bankruptcy, Monday's, Leonard Green & Partners, & $ Locations: Hudson , Ohio, Delaware
They were there to talk about classified documents, but somehow President Biden’s mind had turned to Mongolia. Something about being handed a bow and arrow during a visit and embarrassing his host. “Pure luck, I hit the goddamn target,” Mr. Biden recalled. Mr. Biden described giving an oration in law school on a case he had not read and lying his way into an exclusive club in Delaware. He recounted his time with President Barack Obama and trying to “save his ass” from manipulative generals.
Persons: Biden’s, Mr, Biden, , Barack Obama, Robert K, Hur, Richard M Organizations: Mr Locations: Mongolia, Mongolian, Delaware
A transcript of a special counsel’s hourslong interview of President Biden over his handling of classified files shows that on several occasions the president fumbled with dates and the sequence of events, while otherwise appearing clearheaded. In a report released last month, Mr. Hur concluded that there was insufficient evidence to charge Mr. Biden with a crime after classified documents ended up in an office he used after his vice presidency and in his home in Delaware. But the report also portrayed Mr. Biden, 81, as an “elderly man with a poor memory,” touching off a political furor amid his re-election campaign. Mr. Biden’s lawyers, who were present for five hours of questioning over two days, have challenged the damaging portrait by Mr. Hur, a former Trump administration official. But the transcript had not been publicly available to evaluate Mr. Hur’s assessment that Mr. Biden’s memory has “significant limitations.”
Persons: Biden, Robert K, Hur, Mr, Mr . Hur Organizations: The New York Times, Trump Locations: Delaware
In the 388-page report released last month, Hur concluded that Biden mishandled and improperly disclosed classified information after leaving the vice-presidency. But Hur said that he didn’t believe there was enough evidence to charge Biden with a crime. According to the transcript, Biden asks aloud when he was vice president, as he tried to recall timelines. “Remember, in this time frame, my son is either deployed or is dying,” Biden said, according to the transcript. The transcript shows investigators at times seeming to struggle to keep control, as Biden used up time with long answers.
Persons: Joe Biden, Robert Hur, Biden, Beau died, , , Hur, weren’t, Biden’s, South Carolina Republican Sen, Lindsey Graham, ” Biden, Beau, Obama, Hillary Clinton, Trump, ” Hur, don’t, didn’t, Steve Ricchetti, segued, I’d, Organizations: CNN, The, White, FBI, South Carolina Republican, US Naval Observatory, Naval Locations: Mongolia, Afghanistan, Delaware, Virginia
Better tech could help workers prioritize calls, avoid logistical issues, and catch crucial details. While many people in the industry have acknowledged a need for better emergency tech, its implementation has varied across states. Anthony Mignogna, the chief of communications for Delaware County Emergency Services, recalled using the transcription service while taking a call from someone in danger. Carbyne also recently rolled out an AI-powered triage system designed to help centers prioritize calls during high-volume periods or nonemergency situations. He called on the federal government to step in to help centers access new services.
Persons: , Raquel Lewandowski, John Heinz, Lewandowski, Michael, Brian Fontes, Alex Dizengof, Anthony Mignogna, Mignogna, Carbyne, Heather Hilliard, Dizengof, it's, Karima Holmes, Fontes Organizations: Service, John, Wildlife, Association, Emergency Services, Orleans Parish Communication, Emergency Communications Center Locations: Delaware County , Pennsylvania, Tinicum, Philadelphia, Canada, Carbyne, Delaware, Orleans Parish, Louisiana, Lincoln , Nebraska
CNN —An alleged bribery scheme in the Philippines has thrown a potential lifeline to Fox News and other right-wing media outlets that are battling massive defamation lawsuits from the voting technology company Smartmatic for their promotion of 2020 election lies. The overseas scandal washed ashore last year when the Justice Department charged the Philippines’ former election commissioner with money laundering. Since then, Fox News, Newsmax and OAN have seized on the allegations, attempting to obtain new documents about potential wrongdoing by Smartmatic that could boost their defense. None of the allegations levied by US prosecutors in court filings pertain to vote-flipping or alleged rigging of election results. Last year, Fox paid a historic $787 million settlement with another election technology company, Dominion Voting Systems, for its promotion of similar election lies.
Persons: CNN —, Smartmatic, Newsmax, Donald Trump, Andres Bautista, Bautista, Fox, Nicolas Maduro, , Smartmatic “, , Trump, “ Smartmatic, ” OAN, Eric Davis, OAN, , OAN –, ” Smartmatic, hasn’t Organizations: CNN, Fox News, Justice Department, Trump, OAN, Philippine, Smartmatic, Fox, Dominion Voting, Lawyers Locations: Philippines, California, Venezuela, Manila, Smartmatic, Miami, Delaware, Brazil, United Kingdom, Netherlands, Belgium, Kenya, Oman, Switzerland, Taiwan
After speech, Biden launches major tour plus $30 million ad buy
  + stars: | 2024-03-09 | by ( ) www.cnbc.com   time to read: +3 min
US President Joe Biden speaks at a campaign event in Philadelphia, Pennsylvania, on March 8, 2024. An estimated 32.2 million people watched Biden's State of the Union speech, according to Nielsen ratings from 14 television networks. Biden campaign officials said they expect an extremely close race against Trump with opinion polls showing a neck-and-neck race for the 270 electoral votes necessary for victory. Polls show Biden, 81, and Trump, 77, closely matched, with most voters unenthusiastic about the rematch after Biden defeated Trump four years ago. Deputy campaign manager Rob Flaherty said the $30 million ad buy over the next six weeks is more than the Biden campaign spent in all of 2023.
Persons: Joe Biden, Biden, Kamala Harris, Donald Trump, Harris, Nielsen, Julie Chavez Rodriguez, Rob Flaherty, Flaherty, Friday Biden, Trump Organizations: Republican, Georgia, Nielsen, Television, Trump, Biden, Democratic, Comedy Central, ESPN Locations: Philadelphia , Pennsylvania, Pennsylvania, , New Hampshire, , Wisconsin, Michigan, Arizona, Nevada, Biden's, Ohio, Florida, Philadelphia, Delaware County
The threat of a last-minute obstacle to the merger of former President Donald J. Trump’s social media company and a cash-rich shell company appears to have subsided. Two early founders of Trump Media & Technology Group reached a temporary truce with Mr. Trump’s company at a hearing on Saturday morning in Delaware Court of Chancery. The lawsuit, filed on Feb. 28 by a company controlled by Wes Moss and Andy Litinsky, had the potential to delay a scheduled March 22 vote by shareholders of Digital World Acquisition Corp. on the long-delayed merger with Trump Media. If shareholders approve the merger, it would give Trump Media more than $300 million in badly needed cash to keep operating. The deal would also boost Mr. Trump’s net worth by more than $3 billion, based on Digital World’s current stock price.
Persons: Donald J, , Wes Moss, Andy Litinsky Organizations: Trump Media & Technology Group, Truth, Digital, Trump Media Locations: Delaware Court
CNN —Special counsel David Weiss ridiculed efforts by Hunter Biden, son of President Joe Biden, to dismiss tax charges against him as legally baseless and steeped in a “conspiracy theory,” in court filings Friday. The arguments between Weiss and Hunter Biden’s attorneys mirror arguments put forth by Donald Trump in his own special counsel cases. Their similarities underscore how cases brought by a special counsel – no matter who the defendant is – are often fought through similar, and sometimes political, playbooks. Like Trump, Hunter Biden has argued the special counsel overseeing his criminal cases was unlawfully appointed. Both Weiss and Smith pushed back in the same way, arguing that Garland has the authority to appoint whoever he wants as special counsel.
Persons: David Weiss, Hunter Biden, Joe Biden, Hunter Biden’s, Weiss, Hunter, Donald Trump, , Trump, Merrick Garland, Jack Smith, Garland, Smith, ” Weiss, , Organizations: CNN, Trump, Justice Department Locations: California, Delaware
A judge recently voided Elon Musk's $55 billion compensation package at Tesla. AdvertisementA Delaware judge recently ruled that Elon Musk should not get a $55 billion compensation package for his work at Tesla despite his contributions to the company. So now that Musk's compensation has to be renegotiated, will other executives kiss their massive bonuses, stock options, and paychecks, goodbye? The more Tesla was worth, the higher Musk's compensation would get. "I don't know whether individual CEOs are panicking or taking Elon Musk as a role model, thinking, 'Well, if he doesn't like Delaware, then I have to move out of Delaware,'" Lipton said.
Persons: , Elon, Tesla, I'm, James, Kathaleen McCormick, Musk, Musk Ann Lipton, Lipton, Musk's, Kimbal, Elon Musk Organizations: Elon Musk's, Tesla, Service, University of California, Delaware Supreme, Tulane University, Business Locations: Delaware, Los Angeles
As a college staff member, Heater gets deeply discounted tuition at the private Marianist Catholic college with approximately 8,000 undergraduate students. She compared universities in her area and their benefits and decided on University of Dayton, which offers tuition benefits for staff workers and their dependents. Washington said that workers and their dependents can also use a tuition exchange program, which allows them to transfer their tuition benefits within a pool of participating schools. For instance, once the tuition benefit exceeds the IRS' guidelines of $5,250 annually, the rest is generally considered taxable income. She said she thinks a lack of awareness about tuition benefits programs keeps them from being more popular.
Persons: Ariel Skelley, Troy Washington, Washington, Jacob Channel, Sherry Kirkland, Kirkland Organizations: Digitalvision, Getty, University of Dayton, Catholic, University of Dayton's, College and University Professional, for Human Resources, Wilmington University Locations: Ohio, Delaware
Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance. The ex-Twitter executives' lawyers argue, "These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter's executives out of their severance benefits in order to save himself $200 million." The suit, Agrawal et al v. Musk et al, was filed in California's Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute. Representatives for X Corp. and Elon Musk did not immediately respond to CNBC's request for comment.
Persons: Parag Agrawal, Ned Segal, Vijaya Gadde, Sean Edgett, Elon Musk, Musk, Walter Isaacson, Isaacson, Agrawal Organizations: Twitter, Elon, X Corp, Twitter Inc Locations: Delaware
Lawyers who voided Elon Musk's pay as excessive want $6 bln fee
  + stars: | 2024-03-02 | by ( ) www.cnbc.com   time to read: +1 min
The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock. Musk blasted the request as "criminal," posting on his X platform that "the lawyers who did nothing but damage Tesla want $6 billion." The company would pay the lawyers who represented Richard Tornetta, a shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January. The electric vehicle maker is being asked to pay the fee because it benefited from the return of Musk's pay package, which the legal team said will result in the return to the carmaker of 266 million shares. Judge Kathaleen McCormick, who is overseeing the case and will decide on the fee, called Musk's pay "unfathomable" in her ruling.
Persons: Elon Musk, Tesla, Elon, Musk, Richard Tornetta, nixed, Kathaleen McCormick Organizations: Elon Musk's Locations: Krakow, Poland, Delaware
The lawyers had earlier convinced the Delaware chancery court to revoke Musk's $56 billion pay package from 2018, with the judge ruling that Tesla's board of directors failed to prove it was fair to shareholders. The lawyers represent former heavy metal drummer Richard Tornetta, who filed the suit on behalf of his fellow Tesla investors. The lawyers are asking for just over 11% of the Tesla shares that would have gone to Musk, or slightly more than 29.4 million shares. Taking their pay in Tesla shares demonstrates they are prepared to "eat our cooking," the lawyers wrote. Musk's pay package was the largest ever disclosed in corporate America, according to Delaware Chancery Court Judge Kathaleen McCormick's 200-page ruling.
Persons: Elon Musk, BARTOSZ SIEDLIK, Elon, paydays, Richard Tornetta, Greg Varallo, Bernstein Litowitz Berger, Grossmann ., Tesla, Kathaleen McCormick's, Musk Organizations: European Jewish Association, Getty Images, Enron, Musk's, Tesla, Grossmann, Musk Locations: Krakow, AFP, Delaware, New York, America, Texas
Lawsuits Threaten to Delay Trump Media’s Merger
  + stars: | 2024-03-01 | by ( Matthew Goldstein | ) www.nytimes.com   time to read: +1 min
A rash of lawsuits are threatening to stall a shareholder vote on the long-delayed merger of former President Donald J. Trump’s social media company and a cash-rich shell company. Two early founders of Trump Media & Technology Group have filed suit to preserve their ownership stake in the business, the parent company of the Truth Social online posting platform. The lawsuit, filed Wednesday under seal in Delaware Chancery Court by a partnership led by Wes Moss and Andy Litinsky, claims that Trump Media is trying to dilute its ownership stake in the company, of which Mr. Trump is a majority shareholder. The lawsuit seeks an expedited hearing in Delaware state court ahead of a March 22 vote by shareholders of Digital World Acquisition Corp. on its merger with Trump Media. Mr. Moss and Mr. Litinsky were contestants on Mr. Trump’s realty television show, “The Apprentice,” and went to him in January 2021 with the idea of creating a social media company.
Persons: Donald J, Wes Moss, Andy Litinsky, Trump, . Moss, Litinsky, Organizations: Trump Media & Technology Group, Trump Media, Digital, Trump’s realty Locations: Delaware Chancery, Delaware
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