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Truth Social Files Defamation Lawsuit Against Washington Post

Trump Media and Technology Group (TMTG), the parent company of Truth Social, has filed a defamation lawsuit against the Washington Post exposing the ongoing contentious relationship between the newspaper and former President Donald Trump.

The lawsuit alleges that the Washington Post engaged in a prolonged crusade against Trump and his platform, culminating in a recent article that TMTG considers an “egregious hit piece.” The article, titled ‘Trust linked to porn-friendly bank could gain a stake in Trump’s Truth Social,’ accused TMTG of securities fraud and other wrongdoing. The lawsuit seeks $3.78 billion in compensatory and punitive damages.

According to TMTG, the allegations made in the article are based on fictional claims by a disgruntled ex-employee and include fake documents.

The article claimed that TMTG concealed important information from shareholders, such as an allegedly questionable loan from Paxum bank, referred to as a “porn-friendly bank,” which would grant a Russian banker control over Truth Social. Additionally, the article stated that TMTG failed to disclose a substantial finders’ fee paid to the CEO of Digital World Acquisition Corporation (DWAC), the company with which TMTG announced a merger over a year ago, for facilitating the loan from the bank. These alleged dubious dealings were purportedly kept hidden from the Securities and Exchange Commission.

The lawsuit also highlights a previous story by The Guardian, riddled with falsehoods, alleging that federal prosecutors were investigating TMTG for potential money laundering violations. Despite TMTG CEO Devin Nunes having sued The Guardian for defamation over that story, the Washington Post allegedly ran with similar claims and added more damaging details.

The lawsuit asserts that the Washington Post’s false criminal charges have harmed TMTG’s business and reputation, exposing it to public ridicule, contempt, and distrust.

Furthermore, the lawsuit claims that the malicious story dissuaded potential users from joining Truth Social, thereby delaying TMTG’s planned merger with Digital World Acquisition Corporation (DWAC). The article even prompted a phone call from JP Morgan Chase, inquiring about TMTG’s transactions with Paxum Bank.

Trump’s contractually obligated exclusive access to his 5 million Truth Social followers and his claims that the platform is performing exceptionally well further underpin TMTG’s determination to fight against what it perceives as defamatory attacks.

This legal battle between TMTG and the Washington Post not only highlights the ongoing conflicts between media outlets and political figures but also raises questions about the role and responsibilities of the press in reporting on controversial subjects and its potential impact on businesses and reputations.

Check out other articles in our Legal section.

#Trump #TruthSocial #DevinNunes #WashingtonPost #Gardian #defamation #lawsuit #TMTG #damages

Note: The views, thoughts, and opinions expressed in this article belong solely to the author, and do not necessarily reflect the views and beliefs of Truth Puke LLC or its affiliates.

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