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Trump Media Reportedly Ordered by Judge to Deliver More Shares to Former Digital World Acquisition CEO
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Trump Media Reportedly Ordered by Judge to Deliver More Shares to Former Digital World Acquisition CEO
Sep 17, 2024 7:56 PM

03:06 PM EDT, 09/17/2024 (MT Newswires) -- Trump Media & Technology Group ( DJT ) was ordered by a Delaware judge to deliver more shares of the company to the former head of blank check firm Digital World Acquisition that took Trump Media ( DJT ) public, according to media reports Tuesday.

Patrick Orlando is entitled to a bigger portion of the Trump Media ( DJT ) stock, according to Vice Chancellor Lori Will of the Delaware Court of Chancery, the reports said.

The judge ruled on a lawsuit filed by Orlando's ARC Global against Digital World over Trump Media ( DJT ) shares allotment. Orlando was ousted from Digital World before the merger deal with Trump Media ( DJT ) closed this year, according to a Reuters report.

Orlando is entitled to an additional 800,000 shares of Trump Media ( DJT ), Will decided, according to Bloomberg's report.

Trump Media ( DJT ) did not immediately respond to MT Newswires' request for comment, while Orlando could not be reached for comment.

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