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flag Shareholders sued Trump and Bondi over TikTok deal, claiming illegal extensions and national security risks.

flag Two shareholders in Alphabet and Meta sued former President Donald Trump and Attorney General Pam Bondi, alleging they violated the 2024 PAFACA Act by granting five extensions beyond the law’s 90-day divestiture deadline and blocking enforcement actions. flag The plaintiffs claim the finalized January 2026 deal, which transferred TikTok’s U.S. assets to a joint venture including Oracle, MGX, Susquehanna, and General Atlantic—some with ties to Trump—failed to sever ByteDance’s control over key operations like the recommendation algorithm, undermining national security goals. flag They argue the administration’s actions harmed their investments by favoring politically connected entities and weakening the rule of law. flag The case, filed by the Public Integrity Project, seeks to invalidate the agreement and uphold congressional intent.

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