Trump Media and Tech Group (NO Politics Allowed) (DJT)

[Kenolova]

“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,” according to the complaint.

“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.”