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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.
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