Trump Demands Truth Social Co-Founders Cough Up Their Shares in Lawsuit
Donald Trump has sued his co-founders behind Truth Social in an attempt to take over their shares in the company, alleging they bungled their duties and aren’t worthy of holding stake in the company.
That lawsuit, first reported by Bloomberg, was filed on March 24 in a Florida state court against Andy Litinsky and Wes Moss—ex-business associates of Trump who own an 8.6 percent stake in the company, currently valued at approximately $606 million. Trump wants that number to be zeroed out, his attorneys wrote.
It comes on the heels of Litinsky and Moss suing Trump themselves in a Delaware court in February, claiming the former president and other execs schemed to deprive them of their rightful stake in the company.