The former chief executive of the blank-check firm that helped bring President Donald Trump’s social media company public lost his bid to toss an SEC enforcement action alleging he misled investors.
A jury could conclude that investors would have been influenced by knowledge of plans by Patrick Orlando, who led Digital World Acquisition Corp., to merge his special purpose acquisition company with Trump Media & Technology Group Corp., Judge Christopher R. Cooper in the US District Court for the District of Columbia said in a Monday ruling.
Patrick Orlando told investors his SPAC had no specific target companies in ...
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