_trump-media-amp-technology-group-sues-co-founders-over-failed-launch-and-business-deal-hindrance.jpg "Trump Media & Technology Group Sues Co-founders Over Failed Launch and Business Deal Hindrance from fortnite dev launcher 2021 Video Screenshot Preview")
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⏲ Duration: 0:46
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✓ Published: 04-Apr-2024
👁 View: 60K times
✓ Published: 04-Apr-2024
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The Trump Media & Technology Group is taking legal action against co-founders Wesley Moss and Andrew Litinsky in Florida for allegedly not successfully launching the company and trying to hinder a business deal. The lawsuit seeks damages for alleged breaches of duty by Moss, Litinsky, and DWAC founder Patrick Orlando, criticizing their management and decision-making, including a contested merger that led to an SEC investigation. They argue they are entitled to an 8.6% stock share in Trump Media, worth about $601 million, based on a 2021 agreement with Trump Media, which Donald Trump signed.
The Trump Media & Technology Group is taking legal action against co-founders Wesley Moss and Andrew Litinsky in Florida for allegedly not successfully launching the company and trying to hinder a business deal. The lawsuit seeks damages for alleged breaches of duty by Moss, Litinsky, and DWAC founder Patrick Orlando, criticizing their management and decision-making, including a contested merger that led to an SEC investigation. They argue they are entitled to an 8.6% stock share in Trump Media, worth about $601 million, based on a 2021 agreement with Trump Media, which Donald Trump signed.
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