Judge Orders Trump Media to Award Early Investor More Shares After Contract Dispute

A Delaware judge ruled that Trump Media breached its agreement with ARC Global, but determined that its actions were not driven by bad faith.

This illustration photo shows a person checking the app store on a smartphone for Truth Social with a photo of former President Donald Trump on a computer screen in the background, in Los Angeles, October 20, 2021. Chris Delmas/AFP via Getty Images

A Delaware judge has ruled that Trump Media & Technology Group (TMTG), the company behind Truth Social, breached an agreement with ARC Global and must give it more than half a million additional shares.

Judge Lori Will of the Delaware Chancery Court issued an opinion on Sept. 16, ruling in a lawsuit in which ARC Global accused TMTG of shortchanging it on stock ownership.