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...A shareholder vote to approve a deal between a special purpose acquisition company called Digital World Acquisition Corporation and Trump Media & Technology Group is planned for Friday....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG first announced merger plans in late 2021, fell 13.7 per cent after Friday’s announcement....
...The judgment has wiped £5bn — or some 13 per cent — off the group’s market value. It is not hard to see why....
...“This is particularly alarming given the over $500 million in civil judgments Trump owes judgment creditors, who are at his door,” it states....
...Then there is the question of how long Trump will hold on to his shares given his potential need to stump up $500mn in cash for legal judgments....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG will merge, were down about 7 per cent after Friday’s announcement....
...But the clear judgments on what constitutes appropriate remuneration for a successful public company chief executive were more controversial and intriguing....
...On Monday, a New York appeals court ruled that Trump could pay just $175mn to delay enforcement of a $464mn fraud judgment....
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...Patrick Orlando, the Miami-based businessman who set up the special purpose acquisition company that merged with TMTG, has a stake worth about half a billion dollars....
...Many investors who bought shares in the special purpose acquisition company appear to have done so based more on their adoration for Trump than the company’s fundamentals....
...He faces an expensive presidential campaign, along with many legal cases, and must find $175mn to delay enforcement of a $464mn fraud judgment against him in New York’s courts....
...Shareholders in Digital World Acquisition Corporation, the special purpose acquisition company set up by Orlando, have had about a month now to cast their votes on whether the deal should go through....
...Auditors are also required to give their judgment on whether a company remains a “going concern”, or is at risk of running out of money — the issue that caught the headlines regarding TMTG....
...But earlier this month, the US Second Circuit Court of Appeals bought Rashid’s theory and reversed the lower court judgment....
...In January, following its 2018 acquisition of mail-order pharmacy PillPack for about $1bn, Amazon launched RxPass, which allows Prime members to order an unlimited amount of some unbranded prescription medications...
...A High Court judgment in December provided a resolution on time limitations for historical legal issues, which had weighed on investor sentiment....
...Given the unlimited amount of dubiously-sourced information available, rigorous challenge is necessary....
...Pennzoil initially won an astounding $10bn judgment that had stemmed from Texaco’s illicit rival bid for Getty....
...In May 2022, allies of Okada led a “platoon of police” to the Manila casino and “forcibly ejected” its management, according to the judgment from Laster....
...Special purpose acquisition companies (Spacs) have fallen out of favour....
...Murthy argued that young people needed to be given a new definition of success, one less connected with the acquisition of fame and fortune and more with contributing to the world....
...LPs deserve to make that judgment for themselves after receiving a transparent explanation of NAV borrowing....
...The rise and fall of WeightWatchers Sistani describes the new WW as a judgment-free “weight health” company embracing “a full spectrum of solutions”....
...“After the success early on . . . it became clear that there had been a major error in judgment,” said one person involved....
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