Trump Media & Technology Group down after judge rules for ARC Global in stake dispute
** Shares of Trump Media & Technology Group DJT.O fall for a second day, last down 3% at $16.76
** Delaware judge rules Digital World Acquisition Corp (DWAC), blank check company that took TMTG public, breached agreement with Patrick Orlando's ARC Global
** TMTG to deliver larger portion of stock to ARC Global - ruling
** ARC Global to receive 1.4911 Class A TMTG shares for every Class B share in DWAC, judge rules
** ARC asked for a conversion ratio of 1.8178 for each Class B, TMTG argued for a ratio of 1.3481
** Judge rules against ARC on claims that DWAC directors breached fiduciary duty
** Insiders, including former President Donald Trump, will be permitted to begin selling company stock later this month
** ARC Global Investment II owns over 11 mln shares in TMTG, about 5.4% of outstanding shares, as per latest SEC filing
** Trump, current Republican presidential nominee, owns nearly 57% of outstanding shares
** DJT stock fell 3.8% on Monday, a day after an apparent assassination attempt on Trump
** Stock surged on July 15, as expectations for Trump to win the U.S. presidential election rose in the aftermath of assassination attempt in Pennsylvania
** Including today's moves, stock has lost over 60% since July 15
** DJT down 4.4%, YTD
Reporting by Lisa Mattackal in Bengaluru; Editing by
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