In a major authorized escalation, the Trump Media & Technology Group, the father or mother firm of the social media platform Truth Social, has filed an unprecedented defamation lawsuit in opposition to twenty far-left media retailers. The lawsuit, introduced on Monday, targets a collection of experiences that the corporate alleges falsely claimed it suffered tens of hundreds of thousands in losses.
The announcement comes as X filed a lawsuit in opposition to left-wing Media Matters. The tide is popping.
“Today Truth Social filed a defamation lawsuit that is likely unprecedented in history, incorporating twenty publications—and even more may be added. All of them published the same false information about Truth Social and refused to fully retract their stories. To the Fake News outlets that think themselves above accountability: we’ll see you in court,” the social media firm introduced on its platform.
The grievance alleges that these media organizations performed a coordinated marketing campaign to falsely report that Trump Media & Technology Group Corp. had misplaced $73 million. This determine is a whole fabrication and isn’t present in any public Securities and Exchange Commission submitting by the corporate.
The grievance asserts that this was a deliberate effort to break the popularity and monetary standing of Trump Media & Technology Group, hinder its entry to capital, and negatively impression its anticipated merger with Digital World Acquisition Corporation.
Below is the listing of faux information media retailers named within the lawsuit filed by Truth Social:
- Guardian News and Media LLC
- Hollywood Reporter LLC
- McClatchy Company LLC (doing enterprise as Miami Herald)
- Reuters News & Media Inc.
- Rolling Stone LLC
- Nexstar Media Inc. (doing enterprise as The Hill)
- Deadline Hollywood LLC
- Accretive Capital LLC (doing enterprise as Benzinga)
- Marketwatch.com LLC
- Forbes Media LLC
- Axios Media Inc.
- The Daily Beast Company LLC
- G/O Media Inc. (doing enterprise as Gizmodo)
- Salon.com LLC
- New York Daily News
- MSNBC Cable LLC
- Mediaite LLC
- DMG Media Ltd. (doing enterprise as Daily Mail)
- CNBC LLC
“The $73 million loss figure does not appear anywhere in the DWAC S–4 filing, and the Defendants knew that it did not—or were at least reckless in their disregard for the truth—because each of them had access to the publicly-available S-4 that was the purported basis of their articles. Indeed, many defendants cited to and/or directly quoted from the filing,” in accordance with the grievance.
“Another false statement made by 19 of the 20 Defendant (all except for Axios), was to claim that the SEC filing showed a loss of $50 million in 2022. No such loss is shown in the DWAC S-4.”
“As a result of these widespread lies, TMTG has suffered actual damages. Committed and potential investors have reacted negatively to the false news of TMTG supposedly losing $73 million, and TMTG’s ability to raise additional capital has been impaired.”
“Defendants are ostensibly in the business of publishing factual information. However, their business models revolve around generating clicks, and driving views to their websites. In this case, Defendants used the occurrence of a news event—the filing of DWAC’s S-4 with the SEC, a significant milestone in TMTG’s proposed merger with DWAC—as a pretext to intentionally or recklessly report the fabricated $73 million loss figure and sensationalize the news with anti-Trump, click- bait articles.”
“The incredible circumstances of all 20 Defendants publishing nearly identical articles, within hours of one another, using the same fabricated figures that appear nowhere in the S-4 filing upon which they ostensibly rely, would seem nearly miraculous were it a coincidence. Instead, this chorus of falsehood evinces a deliberate, malicious, and coordinated attack on TMTG and Truth Social,” the corporate mentioned within the grievance.
You can learn the complete grievance right here.
In May, The Gateway Pundit reported that Trump Media and Technology Group (TMTG) took authorized motion in opposition to The Washington Post, submitting a defamation lawsuit in search of a staggering $3.78 billion in damages.
The case was filed in Sarasota County, Florida, which alleges that far-left WaPo printed false and defamatory statements in regards to the Truth Social platform, its CEO, Devin Nunes, and former President Trump, damaging its popularity and inflicting vital monetary hurt.
“WaPo has been on a years-long crusade against TMTG characterized by the concealment of relevant information in its possession—a bitterly ironic truth for a publication whose motto is “Democracy Dies in Darkness,” the swimsuit mentioned.
“WaPo’s latest defamation creates an existential threat for TMTG, causing enormous loss. TMTG brings this case to recover special damages to its business and good will, actual injury to its name and reputation, and punitive damages for WaPo’s gross misconduct.”
The lawsuit was filed in opposition to the Post, stating it “published an egregious hit piece that falsely accused TMTG of securities fraud and other wrongdoing.”
The lawsuit facilities round an article launched by The Washington Post, which reportedly obtained info from Will Wilkerson, a former worker of TMTG, who was additionally the supply of the Guardian’s false and defamatory “money laundering” story.
Trump Media and Technology Group alleges that the article contained inaccuracies and malicious intent to hurt the corporate’s pursuits.