The co-founders of Donald Trump’s social-media startup, Truth Social, encountered a legal setback when their bid to have financial sanctions imposed on the former president and his legal team was denied by a Delaware judge. Andy Litinsky and Wes Moss, who collectively hold an 8.6% stake in Trump Media & Technology Group Corp., argued that sanctions were warranted due to alleged misconduct by Trump and his lawyers. Specifically, they claimed that Trump’s team violated a court order in Delaware by initiating a separate suit against them in Florida.
Delaware Chancery Court Judge Morgan Zurn, however, dismissed the motion for sanctions. The judge’s decision, made during a hearing in Wilmington, means that Trump and his legal team will not face fines for their actions in the ongoing dispute over the value of the co-founders’ shares.
The case has garnered significant attention due to the high-profile nature of the parties involved and the intricate legal strategies at play. Litinsky and Moss’s effort to impose sanctions underscores the contentious nature of internal disputes within Trump’s ventures. As the legal battles persist, both sides continue to prepare for further proceedings, weighing potential ramifications for their respective positions within the company.
For more details, you can read the full report on Bloomberg Law’s website.