Trump Media says claims with Patrick Orlando and ARC Global were settled

The company said all claims among the parties were mutually resolved under a confidential settlement agreement, without disclosing terms or financial details.

Summary

Trump Media and Technology Group Corp. said it has mutually resolved all claims among parties including the company, Patrick Orlando, and ARC Global Investments II LLC through a confidential settlement agreement. The statement did not disclose the settlement terms. Trump Media, listed as DJT on Nasdaq and NYSE Texas, said it operates the social media platform Truth Social, the streaming service Truth+, and the FinTech brand Truth.Fi.

Terms & Concepts
  • FinTech: technology-driven financial services
  • settlement agreement: deal to resolve legal claims