Former President Donald Trump’s social media company has sued The Washington Post for defamation over an article it published earlier this month and is seeking $3.78 billion in damages.

The lawsuit by Trump Media and Technology Group, which owns the Truth Social platform, was filed Saturday night in Florida state court in Sarasota County and accuses one of America’s most storied newspapers of publishing a story of libel and slander that the suit claims poses an “existential threat” to the social media company.

The spokesperson for The Washington Post did not immediately respond to a request for comment on Sunday.