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Just In: Major Update in Trump SPAC Lawsuit!

Former President Donald Trump has scored another legal victory as he gears up for his potential return to the White House. Trump will not face a deposition on Monday in a lawsuit brought against him by Andy Litinsky and Wes Moss, co-founders of Trump Media & Technology Group Corp., Bloomberg reports.

The deposition delay comes as Delaware Judge Sam Glasscock III prepares for retirement, with a replacement judge set to take over. Litinsky and Moss, both former contestants on Trump’s reality TV show “The Apprentice,” allege in their lawsuit that Trump sought to diminish their 8.6% stake in the company.

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Originally, the lawyers for Litinsky and Moss planned to depose Trump under oath on April 15 in Manhattan, as indicated in a court filing. However, judicial approval for the deposition is not mandated under Delaware court rules, though judges can intervene in deposition disputes.

Notably, the court filing does not address how this deposition delay might affect Trump’s impending criminal trial in Manhattan, which is scheduled to commence soon. Trump faces charges in an indictment by Manhattan District Attorney Alvin Bragg, accusing him of tampering with business records to conceal a payment to a porn star prior to the 2016 election.

In March, Trump initiated legal action against the two co-founders of Trump Media & Technology Group Corp. The lawsuit, filed in Florida state court, alleges that Litinsky and Moss improperly structured the company, thereby disqualifying themselves from owning any stock. Trump’s legal team contends that the two violated the agreed terms during the company’s formation and, consequently, should not hold their 8.6% stake, valued at $606 million according to Bloomberg Law.

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