Republican presidential candidate and former U.S. President Donald Trump attends the 2024 Senior Club Championship award ceremony at his Trump International Golf Club in West Palm Beach, Florida, U.S. March 24, 2024. REUTERS/Marco BelloTrump 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 toThe 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. "TMTG has been forced to file this action to remedy the harm inflicted upon it by two faithless fiduciaries and a company they own -- Wesley Moss, Andrew Litinsky, an -- and to halt their ongoing attempts to do even more damage," the filing said.
Republican presidential candidate and former U.S. President Donald Trump attends the 2024 Senior Club Championship award ceremony at his Trump International Golf Club in West Palm Beach, Florida, U.S. March 24, 2024. REUTERS/Marco BelloThrough their company United Atlantic Ventures, Moss and Litinsky sued Trump Media in February for attempting to dilute their shares in the company.
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