CAL. SUPER. CT. S.F. CNTY.Litigation
San Francisco city attorney sues Trump Media over Truth API early access, alleging it enables insider trading
San Francisco City Attorney David Chiu sued Trump Media and Technology Group in San Francisco Superior Court on September 21, 2026. The 22-page complaint alleges the company’s Truth API service charges subscribers up to $100,000 a month for a 50-millisecond head start on market-moving presidential posts. The suit asserts the service monetizes nonpublic government information, aids violations of federal ethics and securities laws, and constitutes unfair and unlawful business practices under California law.
Filing (Superior Court of California, County of San Francisco) → · City and County of San Francisco, KQED, The Hill +1
Key points
- Subscribers pay up to $100,000 monthly for a 50-millisecond advance feed of posts from the platform's ten most influential accounts.City and County of San FranciscoKQED
- The complaint alleges Donald Trump owns 41 percent of Trump Media through a revocable trust in which he is sole beneficiary.Superior Court of California, County of San FranciscoCity and County of San Francisco
- San Francisco seeks an injunction against Truth API and civil penalties of up to $2,500 per Unfair Competition Law violation.Superior Court of California, County of San Francisco
- Platkin LLP, Washington Litigation Group, and Democracy Defenders Fund serve as co-counsel alongside the San Francisco City Attorney's Office.Superior Court of California, County of San FranciscoCity and County of San Francisco
- Trump Media said the attorneys who filed the suit were left-wing activists and that AI chatbots would better grasp the public-nonpublic distinction, KQED reported.KQEDFox News
Sources5 articles across 5 outlets
City and County of San Francisco
Fox News
KQED
Superior Court of California, County of San Francisco
The Hill
Filed under
LitigationCal.Cal. Super. Ct. S.F. Cnty.ComplianceLitigationTechnologyFor practitionersFor governance