The SPAC deposition of Trump has been withdrawn prior to his criminal trial

Anjali Jain
Donald Trump

(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.

- Advertisement -

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.

Share This Article
Hello, I'm Anjali Jain, a passionate writer navigating the dynamic realms of entertainment, politics, and technology. My blog serves as a digital canvas where I explore the intricate threads that weave together these diverse spheres, offering readers a comprehensive and engaging perspective. Entertainment Aficionado: As an avid consumer of all things entertainment, I delve into the worlds of movies, television, music, and more. Through my blog, I share insightful analyses, reviews, and behind-the-scenes glimpses into the ever-evolving landscape of pop culture. Political Explorer: I'm not one to shy away from the complexities of the political arena. From local issues to global affairs, my writings aim to unravel the intricacies of political events, fostering meaningful conversations about the societal impact of policy decisions. Tech Enthusiast: With an insatiable curiosity for technology, I keep my readers abreast of the latest innovations and trends in the tech world. My articles break down complex concepts, making technology accessible and exploring its profound influence on our daily lives. Narrative Architect: Through my writing, I craft narratives that bridge the gap between entertainment, politics, and technology. Each blog post is a journey, offering readers a thought-provoking exploration of the forces shaping our world. Join me in unraveling the stories that define our culture. Connect with me on Facebook, Instagram and X for real-time updates, discussions, and a shared passion for the fascinating intersection of entertainment, politics, and tech.
Leave a comment

Discover more from Kordinate.World

Subscribe now to keep reading and get access to the full archive.

Continue reading