Lawsuit Filed by Donald Trump Against Co-Founders of Trump Media & Technology Group, Andy Litinsky and Wes Moss

Andy Litinsky and Wes Moss, co-founders of Trump Media & Technology Group, the parent company of Truth Social, have been sued by Donald Trump. The lawsuit claims that Litinsky and Moss should forfeit their stock in the company due to improper setup. In February, the two had filed a complaint to prevent Trump from reducing their combined 8.6% stake in the company.

Litinsky and Moss are accused by Trump of mishandling an attempt to take Trump Media public years ago. This alleged mishandling caused a delay in the project for more than a year and a half. Trump’s lawsuit also criticizes Litinsky and Moss for their Delaware suit against him, which aimed to block Trump Media’s successful plan to go public by merging with Digital World Acquisition.

Since its market debut, Trump Media’s shares have experienced fluctuation. Most recently, the stock closed at $51.60, up 6%, valuing the company at $5.9 billion. The ongoing legal battle with Litinsky and Moss continues to be a point of contention as both parties continue to fight for control of the company’s future direction.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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