Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating Digital World Acquisition Corp. (NASDAQ: DWAC) for potential violations of the federal securities laws.
On Thursday, March 31, 2022, the SPAC bringing former President Donald Trump's social media platform public, Digital World Acquisition Corp. (NASDAQ: DWAC), fell 5% after a report by Bloomberg that said downloads had decreased significantly.
A report on the site said daily downloads of the app had declined 95% since launching. Trump's Truth Social app launched on the Apple (NASDAQ: AAPL) App Store in February 2022.
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Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
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