Trump Media & Technology Group (TMTG), the company behind former President Donald Trump’s Truth Social platform, has filed a $3 billion defamation lawsuit against the Washington Post.
The lawsuit, filed in Florida’s Sarasota County, claims that a May 13 article published by the Post was false and defamatory. The lawsuit accuses The Post’s article of causing an “enormous” loss that created an “existential threat” to the social media platform.
“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 lawsuit reads.
The article, titled “Trump Media SPAC’s CEO promised a ‘digital town square.’ The SEC says it was a ‘pump-and-dump scheme,’” alleged that TMTG and its CEO, Devin Nunes, had engaged in securities fraud.
The lawsuit claims that the Post’s article was “based on false and misleading information” and that it “caused irreparable harm” to TMTG.
“The Post’s latest attack on Trump Media is nothing more than a continuation of its long-standing campaign to silence and discredit Donald Trump,” the lawsuit says.
“The clickbait headline of the WaPo Article… immediately grabbed the common mind of readers, falsely insinuating that TMTG was involved in shady business dealings,” the suit claims.
The article alleged a number of accusations involving a bank in the Caribbean islands that offered $8 million in loans to TMTG.
“[TMTG] borrowed money from a bank best known for servicing the adult entertainment, pledged a stake in the company for the loan and didn’t tell the SEC,” the article says.
“In order to further spread the smear and increase the damage to TMTG, WaPo engaged agents from both within and outside the company to broadly republish the defamation,” the complaint alleges.
The lawsuit is the latest in a series of legal challenges facing TMTG. In April, the company was sued by Dominion Voting Systems, which accused TMTG of defaming the company by repeating false claims about the 2020 election.
🚨 BREAKING: Trump Files $3.78 Billion Defamation Lawsuit Against The Washington Post
Trump Media and Technology Group (TMTG), the parent company of Truth Social, is suing The Washington Post for defamation, seeking $3.78 billion in damages.
The lawsuit was filed in Sarasota… pic.twitter.com/LdhUtUajNg
— Dr Vincent Sativa 🇺🇸 (@The_Weed_Shop) May 22, 2023