Donald Trump's media company's multi-billion dollar defamation lawsuit against The Washington Post has been branded "absurd" and doomed to fail by a legal expert.
The Trump Media and Technology Group (TMTG), which is behind the former president's Truth Social platform, is seeking $3.78 billion in damages from the newspaper over claims it poses an "existential threat" to the company after engaging in a "years-long crusade" against the company.
The defamation suit, filed in Florida's Sarasota County, focuses on allegations made by former TMTG vice president of operations turned whistleblower Will Wilkerson, who the suit claims began to "concoct and publicly shop false stories about TMTG to numerous media outlets" following his dismissal.
The suit claims one such "fake news article" appeared in The Washington Post on May 13 with the headline: "Trust linked to porn-friendly bank could gain a stake in Trump's Truth Social."
The article alleged that the company withheld information about the role the ES Family Trust would assume at TMTG from the Securities and Exchange Commission and shareholders amid a proposed merger with special purpose acquisition company Digital World Acquisition Corp (DWAC).
The article also contains allegations, which are denied by TMTG, that it also did not disclose to shareholders or the SEC that it paid a $240,000 finder's fee for helping to arrange an $8 million loan deal with ES Family Trust, and that TMTG took out the...
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