Trump Sues Truth Social Co-Founders Over Alleged Mismanagement – American Faith

Former President Donald Trump has filed a lawsuit against two co-founders of Truth Social’s parent company, accusing them of mishandling business affairs and costing him money. This legal action follows Trump Media’s transition to a publicly traded entity.

The lawsuit targets Andy Litinsky and Wes Moss, both former contestants on Trump’s reality TV show “The Apprentice.” Trump alleges that their mismanagement, including delaying efforts to take Trump Media public, led to financial setbacks for the company. Litinsky and Moss have previously filed a complaint in Delaware, seeking to prevent Trump from taking actions that could diminish their ownership stake.

Trump Media recently merged with Digital World Acquisition Corp., rebranding as Trump Media & Technology Group. Since its public debut, the company’s stock has experienced notable fluctuations, reaching a value of $5.9 billion with a 6% increase in share price on Tuesday.

Trump seeks to strip Litinsky and Moss of their company shares, claiming they have not earned their ownership. Litinsky asserts that Trump threatened adverse consequences if he did not relinquish his stake, leading to his removal from the board.

Additionally, Trump’s legal battles extend beyond business disputes. A New York appeals court recently reduced his $454 million fine in a fraud case to $175 million, allowing him to post bond and initiate an appeal process. Trump criticized Judge Arthur Engoron and New York Attorney General Letitia James, accusing them of corruption and orchestrating a witch hunt against him.

In a fundraising plea to his supporters, Trump urged contributions to combat what he perceives as politically motivated legal attacks. He alleges that Biden administration involvement in his legal troubles is part of a broader agenda to undermine him.

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