Trump's social media company sues co-founders, seeks to forfeit their sharesTrump Media & Technology Group filed the lawsuit in a Florida court.
Trump Media & Technology Group is attempting to force two of the company's co-founders to forfeit their shares and give up any claim to the company's leadership.
Trump's social media company filed the lawsuit against Wesley Moss and Andrew Litinsky -- co-founders and former Apprentice contestants -- in a Florida court on March 24, two days after shareholders overwhelmingly voted to approve the company's merger.
The lawsuit alleges that Moss and Litinsky "failed spectacularly" in their leadership of Trump Media, made "reckless and wasteful decisions," and caused "significant damage" to the company.
Trump Media asked a Florida court to force the co-founders to forfeit their shares of the company, declare that the two have no right to appoint members to the company's board, and award damages for their breach of their fiduciary duty.
https://abcnews.go.com/Politics/trumps-social-media-company-sues-founders-seeks-forfeit/story?id=108772455