The following is from Just The News.
The Trump Media & Technology Group, which operates Truth Social, on Monday announced a lawsuit against 20 media organizations over allegedly false reports stating that the company had suffered tens of millions in losses.
The suit, filed in the Florida state court in Sarasota County, points to a recent slew of news articles claiming the company had lost $73 million, a number the company called an “utter fabrication.”
Among the outlets named in the suit are Guardian News and Media, The Hollywood Reporter, the Miami Herald, Reuters, Rolling Stone, The Hill, Deadline Hollywood, Benzinga, MarketWatch, Forbes, Axios, The Daily Beast, Gizmodo, Salon, The New York Daily News, Newsweek, MSNBC Cable, Mediaite, The Dailly Mail, and CNBC.
The lawsuit was made public after business hours, when comments from the defendant media companies could not be obtained.
Last week, the Trump Media & Technology Group filed an amended S-4 registration statement with the SEC to advance its long delayed merger with Digital World Acquisition Corporation, a special purpose acquisition company, that would allow the firm to secure a listing on the stock exchange and raise further capital.
The myriad reports, according to the suit, cited the publicly-available filing in alleging that TMTG suffered a $73 million loss, though that figure appears nowhere in the SEC document.
TMTG alleged that the outlets “deliberately or recklessly published false financial information to advance a preferred and coordinated narrative harmful to TMTG.” They further contended that the defendant organizations had actively worked to thwart the Digital World merger.
“TMTG intends to hold these reckless and malicious media outlets to account for their false reporting and for their seemingly coordinated effort to destroy TMTG and Truth Social,” the suit asserted, although the suit does not make a claim for civil conspiracy.
TMTG further stated that it had notified the outlets of their error and sought retractions, conceding that some outlets had issued corrections or updates to their existing articles, but that “none have retracted the defamatory articles, publicly apologized, or taken any other steps to ameliorate the continuing damage.”
Read Truth Social lawsuit
Link to article here.
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