Lawsuit Claims Trump Media Board Member Hacked Investment Firms, Undermined CEO

Benzinga
Benzinga
  • 6 months ago
Investment firms led by Patrick Orlando, ex-CEO of Digital World Acquisition Corp., claim their files were hacked by Eric Swider, a board member of the company that merged with Trump's media firm. A federal lawsuit alleges that Swider conspired to replace Orlando as CEO of DWAC and accessed the firms' computer systems to undermine him.mThe SPAC completed its merger with Trump Media & Technology Group Corp., taking it public on the Nasdaq. The Florida lawsuit is part of a series of contentious legal battles marking Trump Media's tumultuous path to an IPO and its unstable initial period as a publicly traded entity.
Transcript
00:00 It's Benzinga and here's what's on the block.
00:02 Investment firms led by Patrick Orlando, ex-CEO of Digital World Acquisition Corp,
00:07 claim their files were hacked by Eric Swider, a board member of the company that merged with
00:11 Trump's media firm. A federal lawsuit alleges that Swider conspired to replace Orlando as CEO of DWAC
00:17 and access the firm's computer systems to undermine him. The SPAC completed its merger
00:21 with Trump Media and Technology Group, taking it public on the NASDAQ. The Florida lawsuit is part
00:26 of a series of contentious legal battles marking Trump Media's tumultuous path to an IPO and its
00:31 unstable initial period as a publicly traded entity. For all things money visit Benzinga.com

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