Trump, Bondi sued over TikTok deal that allegedly 'subverted' congressional authority and violated federal law [FOX Business Network]
Meta Platforms, Inc. - Class A (META)
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Source: FOX Business Network
President Donald Trump and Attorney General Pam Bondi on Thursday were sued over their handling of the TikTok deal that was finalized in January, according to a petition filed by two shareholders in competing tech firms. The plaintiffs argued that Trump approved a joint venture that failed to fully sever the app's operational ties to China, granted several unlawful extensions and that Bondi failed to investigate the alleged breaches as required by the Protecting Americans from Foreign Adversary Controlled Applications (PAFACA) Act, which mandated TikTok to divest from its Chinese parent company, ByteDance, by early 2025. The petition was filed by Zhaocheng Anthony Tan, a shareholder in Alphabet, and Garrett Reid, a shareholder in Meta Platforms, who said the TikTok deal also led to declines in Meta and Google stock. "For the law to mean something, it must be followed, even—perhaps especially—by the President," the lawsuit, filed by the Public Integrity Project, stated. "Respond
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- 3/4/26 - Form 4
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- 3/2/26 - Form 144
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