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Digital World Acquisition Files Suit Against Former CEO

Digital World Acquisition today in a regulatory filing said it has filed a lawsuit against former CEO Patrick Orlando and his ARC Global Investments II, for alleged interference with the SPAC's long-gestating merger with Trump Media & Technology Group (TMTG). Orlando promptly counter-sued.
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Digital World Discloses In-Fighting Could Derail Trump Media Deal

Digital World in an amended SEC filing revealed a dispute over compensation with its founder and former CEO Patrick Orlando, with the SPAC warning it could postpone or even derail the long-delayed merger with Trump Media & Technology Group (TMTG). Meanwhile, the ex-president's media company is facing new disputes of its own.