Trump Media Deal Architect Gets Stock Theft Lawsuit Put on Hold

The ex-CEO of the blank-check company that combined with Donald Trump’s social media platform persuaded a judge to pause litigation over his alleged scheme to funnel millions of shares to offshore dummy entities.

A Delaware judge temporarily halted the lawsuit against Patrick Orlando, a founding sponsor and former chief of Digital World Acquisition Corp., the shell company that took Trump Media & Technology Group Corp. public through a blank-check merger. Trump and Trump Media, which operates the president’s Truth Social network, aren’t named as defendants.

The ruling by Vice Chancellor Lori W. Will cited parallel disputes pending in Florida ...