Supreme Court Rejects Michael Cohen's Attempt To Revive Trump Lawsuit, Trump Media Shares Jump
Portfolio Pulse from Adam Eckert
The U.S. Supreme Court rejected Michael Cohen's lawsuit against Donald Trump, leading to a rise in Trump Media & Technology Group Corp (NASDAQ:DJT) shares. The court's decision reaffirms a previous ruling limiting monetary damages claims against federal officials.
October 21, 2024 | 3:35 pm
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POSITIVE IMPACT
Trump Media & Technology Group Corp shares rose over 2% following the Supreme Court's rejection of Michael Cohen's lawsuit against Donald Trump. This legal victory for Trump may have positively influenced investor sentiment.
The Supreme Court's decision to reject Cohen's lawsuit is a legal win for Trump, which likely improved investor sentiment towards Trump Media & Technology Group Corp, resulting in a 2% increase in share price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80