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Lawsuit targets Truth Social advance access sale tied to Trump
The case was filed in U.S. District Court in Manhattan and argues that Trump posts on his social media site can move financial markets.
A lawsuit filed in U.S. District Court in Manhattan challenges a Truth Social-related advance access sale tied to former President Donald Trump, according to CNBC Markets and CNBC World.
The complaint argues that activity on Trump's own social media platform has at times been able to move financial markets, highlighting potential market impact from his posts.
The filings place the dispute before federal court in Manhattan, setting up a legal process that could draw further attention from investors and market participants who monitor statements tied to the platform.