A federal judge ruled in favor of The Washington Post, throwing out a $3.8 billion defamation lawsuit filed by Trump Media and Technology Group, reports Scott Nover of The Washington Post.
Nover reports, “In the complaint, lawyers for Trump’s social media company alleged a ‘years-long crusade’ by The Post that culminated in an ‘egregious hit piece.’
“The article, published on May 13, 2023, focused on Trump Media’s effort to obtain financing ahead of a merger to take the company public. The deal, a merger with a special purpose acquisition company, or SPAC, called Digital World Acquisition, received sign-off from federal securities regulators in February 2024. One month later, in March, the company debuted under the ticker symbol DJT on the Nasdaq stock exchange.
“’We are pleased with the court’s decision and look forward to reviewing its written order upon release,’ a Post spokeswoman wrote in a statement.”
Read more here.
