Delaware Judge Denies Acceleration of Certain Lawsuit Claims Against Trump Media
The lawsuit, involving Trump Media's cofounders, will proceed without expedited claims, focusing on share dilution and lock-up provisions.
- Delaware Vice Chancellor Morgan Zurn ruled against fast-tracking specific legal claims in a lawsuit filed by Trump Media cofounders.
- The lawsuit alleges attempts to dilute cofounders' shares during a merger and imposed restrictions on share sales.
- Defense assurances mitigated concerns about share dilution, but a lock-up provision remains contested.
- A related Florida lawsuit challenges the cofounders' rights to board appointments and share ownership.
- The Delaware judge expressed hesitance to fast-track the case, despite arguments over urgent legal implications.