Legal Victory for United Atlantic Ventures
A federal judge in granted summary judgment to United Atlantic Ventures LLC, ensuring their ability to sell a minority stake in the parent company of Trump's Truth Social platform.
The ruling addresses UAV's concerns over receiving shares valued at approximately $350 million from Odyssey Transfer and Trust Co. post-merger lockup period.
Controversy Over Share Transfer
Odyssey Transfer attempted to alter the agreement regarding the removal of share transfer restrictions, sparking legal battles and raising questions about their conduct.
U.S. District Judge Gregory Williams criticized Odyssey for its elusive conduct and ordered prompt action regarding the share transfer upon lockup expiration notification.