(The Bloomberg) According to a source with knowledge of the situation, Donald Trump will not be deposed on Monday in the case initiated by two co-founders of his social-media startup. This decision resolves concerns regarding a potentially major dispute that coincided with the commencement of the former president’s inaugural criminal trial.
Andy Litinsky and Wes Moss, co-founders of Trump Media & Technology Group Corp. who filed a lawsuit against the former president on the grounds that he attempted to dilute their 8.6% stake, will continue to seek to depose him at a later date, according to a source who declined to be identified in order to discuss the matter publicly.
The individual stated that the strategy to remove the presumed Republican nominee for the November presidential election was altered due to the retirement and subsequent replacement of Delaware Judge Sam Glasscock III, who was presided over the case.
Attorneys for Litinsky and Moss, former Apprentice contestants who partnered with Trump to form Trump Media, stated in a court filing last week that they would be conducting underoath interrogation of Trump on April 15 in Manhattan. The conflict with the trial commencing in Manhattan District Attorney Alvin Bragg’s indictment, which accuses Trump of falsifying business records to conceal a hush money payment to a porn star prior to the 2016 election, was not addressed in the filing.
A Delaware-based attorney for Trump Media, Ted Kittila, stated earlier this week that Glasscock had not approved the deposition date, despite the fact that Delaware court rules do not require judicial consent for deposition requests. However, judicial intervention is not uncommon when parties decline to attend for interrogation.
\As the civil lawsuit advances, shares of Trump’s startup, which operates his Truth Social platform, struggle to maintain the interest of frenetic investors who contributed to last month’s rally. Since its highest point on March 27, the DJT-traded company has lost nearly half of its value, or approximately $4.3 billion.
