If Trump Returns To Twitter, His Investors Might Sue

Semafor reports:

Trump has been working on a merger deal between the platform, which is privately owned by Trump Media & Technology Group, and Digital World Acquisition Corp., a special purpose acquisition company (SPAC) that would take Trump’s business public, making it accountable to investors. Since Trump is a core part of Truth Social’s value, rejoining Twitter could create some potential legal complications, according to Eric Talley, a professor at Columbia Law School who specializes in corporate law.

In particular, if Trump repeatedly signals in public before a merger that he’s never joining Twitter, then closes a SPAC deal and reneges, some shareholders could decide they were misled. “If it’s going to look, later on, that he never had that intention” of remaining off Twitter “but he just wanted to convince people that they should go ahead and close [the SPAC deal] that’s kind of a textbook securities fraud lawsuit,” Talley said.

Read the full article.

Trump Hasn’t Tweeted Since Elon Musk Reinstated Him, But If He Does, It Could Cost Him Millions https://t.co/IajBBdqoxc via @mediaite

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