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Asset Manager Claims He Was Frozen Out of Trump Media SPAC

Former President Donald Trump

Former President Donald Trump

Photographer: Elijah Nouvelage/Bloomberg

An asset manager who claims he was “instrumental” in landing former President Donald Trump’s planned media company for the special-purpose acquisition company Digital World Acquisition Corp. claims he was removed as a potential director and cheated out of shares.

Bluestone Capital Management’s Brian Shevland said Digital World Chief Executive Officer Patrick Orlando was behind an August regulatory filing in which Shevland’s name was quietly removed from the SPAC’s board, according to a lawsuit filed in a Miami federal court on Tuesday.