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Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit

Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit

Shaquille O’Neal settled for $1.8 million over allegations he misled investors by promoting FTX, including via his festival Shaq’s Fun House Unlike other celebrity endorsers such as Tom Brady and Gisele Bündchen, Shaq remained entangled in the case after months of dodging legal service The deal ends his involvement without admitting wrongdoing and bars him from reclaiming funds from the FTX estate As the FTX saga continues, NBA legend Shaquille O’Neal has agreed to a $1.8 million settlement to resolve a lengthy class-action lawsuit over allegations that he promoted the now-defunct cryptocurrency exchange, according to a recent report . The retired basketball star faced accusations of misleading investors via different avenues. Specifically, these included social media promotions and event sponsorships, some via his branded festival, Shaq’s Fun House, which was sponsored by FTX. The crypto exchange later collapsed and its founder/CEO, Sam Bankman-Fried, was convicted of fraud and money laundering charges. A Months-Long Effort to Serve O’Neal with Legal Papers Other celebrity defendants who endorsed FTX, including Tom Brady, Gisele Bündchen, and … The post Shaquille O’Neal Agrees to a $1.8 Million Settlement in FTX Class-Action Lawsuit appeared first on Coin Edition .

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine