Trump media company drops lawsuit against the Guardian [View all]

Source: The Guardian

Donald Trump’s media corporation has dropped a defamation claim against the Guardian and two other defendants over a report that federal prosecutors were investigating $8m in payments the company received from entities with ties to Vladimir Putin as possible money laundering.

A filing in the 12th judicial circuit in Sarasota county, Florida, on Friday confirmed that Trump Media and Technology Group (TMTG), the parent company of the president’s Truth Social platform, was withdrawing its claims without prejudice, meaning it could refile the lawsuit at a later date.

The Guardian reported in March 2023 that New York prosecutors had launched a criminal inquiry into money wired to TMTG through the Caribbean by two entities that appeared to be controlled in part by the relation of an ally of Putin, Russia’s president.
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Carroll is an appointee of Trump ally Rick Scott, the Republican former governor of Florida. His ruling stated the plaintiffs had failed to prove that the defendants showed actual malice in their reporting, but he allowed Trump’s group to file an amended complaint, which they did in January.

Read more: https://www.theguardian.com/us-news/2026/apr/13/trump-media-guardian-lawsuit

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Trump and everything he touches turns to shit. The company doesn't have a viable business plan (unless you count frivolous lawsuits and money laundering as a plan).