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republican presidential candidate Donald Trump He is set to be deposed by lawyers for his social media company co-founders later this month as part of a dispute over the social media company’s ownership. Trump Media Technology Group The company went public last week.
A notice filed in the Delaware Chancery Court by the co-founders suing Trump Media said testimony is scheduled for 10 a.m. ET in New York on April 15, which is also the scheduled start time of Trump’s first criminal trial.
Evidence collections are often rescheduled.
A Trump campaign spokesman did not immediately respond to a request for comment.
The notice of deposition did not specify the issue, and Christopher Clark, an attorney for the co-founders, did not immediately respond to a request for comment.
Trump Media, which owns the Truth Social news platform, was sued in February by two former contestants on Trump’s reality show “The Apprentice,” Andy Litinsky and Wes Moss. In 2021, they said they would receive 8.6% of the pre-merger shares of Trump Media to help form the company.
The co-founders accuse Trump Media of trying to dilute their stock and prevent them from selling shares, stripping them of the shares they own through their partners at United Atlantic Ventures.
Trump Media sued Litinsky and Moss in Florida on March 24 and sought to strip them of their shares, saying they failed to earn them due to mismanagement.
Delaware County Judge Sam Glasscock said this week he expects to hold a hearing to resolve the dispute by the end of April.
Trump owned 90% of the social media company before merging with a blank-check company last month and taking the company public. He owns a majority stake in the combined company.
Since the merger, the company Stocks have soared Despite its poor underlying financial health, its value, driven by speculators Bet on the company’s ties to the former president.
Shares of Trump Media fell 4.2% to $46.70 in midday trading on Thursday, valuing the company at more than $6 billion.
Trump faces four criminal cases and has pleaded not guilty to all charges.
On April 15, a trial is scheduled to begin in a New York state court on charges that Trump falsified business records to cover up payments to a porn star in exchange for her silence about a sexual encounter before the 2016 election.
Trump also faces criminal charges in Washington related to federal election interference, a state case in Georgia for trying to overturn the 2020 election results, and a federal case in Florida over his handling of sensitive government documents after leaving office in 2021.
The cases lack firm trial dates.
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