Trump ordered to give deposition after being hit by latest lawsuit
Lawyers for the co-founders of Donald Trump's social media company will depose the former president later this month in regards to the dispute over who owns the Trump Media & Technology Group.
As Reuters points out, the deposition will take place on April 15th, which is the same day jury selection is scheduled to begin for his New York hush money criminal trial. Depositions are sometimes rescheduled due to scheduling conflicts.
It's not currently known what questions will be asked by attorney Christopher Clark, who represents the co-founders.
Trump Media, which owns Trump's Truth Social platform, was sued in February by former reality show contestants Andy Litinsky and Wes Moss, who appeared on The Apprentice when Trump was the host. They claim they were promised 8.6 percent of pre-merger Trump Media stock, and that Trump denied them their stake "by trying to dilute their stock and by preventing them from selling it," according to Reuters.
Also read: Letitia James demands proof that company that posted Trump's bond is 'financially sound'
In a suit launched in March, Trump sought to strip the pair of their stock, accusing them of mismanagement.
Since the merger of the company last month with a firm that took it public, its stock soared, likely due to its association with Trump, analysts say. This Thursday Trump Media was down 4.2 percent, giving the company a value of over $6 billion.
Speaking on CNBC's Squawk Box this Thursday, IAC and Expedia Chairman Barry Dille said Trump Media is “a scam,” and people buying its stock are “dopes."
“I mean, it’s ridiculous,” Diller said. “The company has no revenue.”
“It’s a scam, just like everything he’s ever been involved in is some sort of con,” he said of Trump.
A Trump Media spokesperson fired back at Diller's comments, saying, “It is unsurprising to see die-hard Trump haters and leftwing flacks blow a gasket now that Truth Social has become a public company that, still today, refuses to suppress political expression that contradicts the narratives they want to enforce.”