Truth Social founders contest a six-month share sale ban, claiming retaliation by Trump amidst broader legal challenges.
Amid a tumultuous period for Donald Trump, the legal battle surrounding his social media startup has intensified as the founders of the website are now legally contesting a six-month bar on selling their shares, a move they attribute to retaliation by Trump.A Delaware judge has permitted the inclusion of the new complaint brought by Truth Social founders Andy Litinsky and Wes Moss in a broader lawsuit challenging the valuation of their stakes, according to a Bloomberg report issued Tuesday.
Litinsky and Moss are also seeking to block a separate lawsuit Trump initiated against them in Florida, accusing them of botching Trump Media's setup prior to its merger. They argue the lawsuit is an attempt to sidetrack their Delaware legal challenge and should have been filed in the same jurisdiction.Newsweek has sought comment from Truth Social through its designated investor relations channel on Tuesday.
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