Two co-founders of Trump's social media company, Truth Social, initiated legal action against the former president, Trump Media & Technology Group, and its insiders, with allegations of post-deal maneuvers aimed at diluting and reclaiming their shares. This legal battle has expanded with a second amended, expanded complaint. In a related development, the founding CEO of DWAC, the SPAC that merged with Trump's media company, has accused a former assistant of hacking into his accounts, describing the incident as part of a 'coup d'état', marking the latest legal mess for Truth Social. This accusation is part of a broader legal entanglement that also involves two former executives and investment firms led by the former CEO of DWAC. They allege that their files were hacked and stolen by a current member of the media company's board of directors. Amidst these legal challenges, it was reported that Donald Trump's deposition, scheduled for Monday in the case filed by the co-founders against him, has been postponed.
Donald Trump won’t be deposed on Monday after all in the case filed against him by two co-founders of his social-media startup https://t.co/JXkXBWCJAP
More legal acrimony for Truth Social, as executive says he was hacked https://t.co/OLPvgKkF2E
Investment firms led by the former CEO of the SPAC that merged with Donald Trump’s media company allege that their files were hacked and stolen by a current member of the media company’s board of directors. https://t.co/TXdMPOOi5q
Investment firms led by the former CEO of the SPAC that merged with former President Trump’s media company allege that their files were hacked and stolen by a current member of the media company’s board of directors. https://t.co/gVqAToEPW7
Two former execs of the company behind the Truth Social merger are caught up in a messy hacking lawsuit https://t.co/aycragjUn3
The founding CEO of DWAC has accused his former assistant of hacking into his accounts as part of a “coup d'état,” the latest legal mess for Truth Social. https://t.co/43PhVjB2u7
Two co-founders of Trump's social media company won the go-ahead to file a second amended, expanded complaint targeting the former president, Trump Media & Technology Group and its insiders for post-deal maneuvering to dilute and claw back their shares. https://t.co/Wr24TcUIxN