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Stakeholder in Trump's Truth Social parent company wins court ruling over sale of shares

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A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in Donald Trump's Truth Social platform.

A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.The judge on Friday granted summary judgment to Florida-based United Atlantic Ventures LLC in a lawsuit filed against Minnesota-based Odyssey Transfer and Trust Co., a business that handles securities transfers among registered shareholders.

RELATED STORY | Sentencing in Trump's hush money case delayed until after the November electionFriday’s ruling involves UAV’s concerns that it will not receive its Trump Media shares, currently valued at about $350 million, from Odyssey when a post-merger lockup period expires Sept. 19. According to court filings, Odyssey told UAV earlier this year that it would be taking direction from TMTG and its lawyers.

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Stakeholder in Trump's Truth Social parent company wins court ruling over share transferA federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform.
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