The co-founders of former president Donald Trump’s media company filed a lawsuit, claiming that Trump and other leaders had schemed to deprive them of a stake in the company that could be worth hundreds of millions of dollars.
The case could complicate a long-delayed bid by Trump Media & Technology Group, owner of the social network Truth Social, to merge with Digital World Acquisition and become a publicly traded company, The Washington Post reports.
That merger deal, which could value Trump’s stake at more than $3 billion, would offer the former president a financial lifeline at a time when he is facing more than $454 million in penalties from a civil fraud judgment this month in New York.
Representatives for Trump, Trump Media and Digital World did not immediately respond to requests for comment. Read more.
