“If they don’t cut a deal ahead of the planned acquisition, they are like Kamikaze pilots heading toward each other and will financially ruin the deal for each other,” said Sean Johnson, a partner at Johnson Newlon & Decort.
March 01, 2024 at 12:05 PM
4 minute read
The original version of this story was published on Daily Business Review
In the last 48 hours, entities of former U.S. President Donald Trump have been in a flurry of lawsuits—one in Florida and two in Delaware—ahead of his social media company’s special purpose acquisition company merger.
“It’s all about the money,” said Sean Johnson, a partner at Johnson Newlon & Decort in Tampa, who is an expert in securities litigation and is not involved in the three cases.
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Former U.S. President Donald Trump during a “Get Out The Vote” rally at Winthrop Coliseum in Rock Hill, South Carolina, US, on Friday, Feb. 23, 2024. (Credit: Victor J. Blue/Bloomberg)
