A class action lawsuit filed against the cryptocurrency EthereumMax (EMAX) against TV star Kim Kardashian, famous boxer Floyd Mayweather and former NBA star Paul Pierce has been dismissed by the court.
by CNBC December 8 In the news published on EthereumMax The TV star at first, as they did not state that it was a sponsored content, although they promoted the cryptocurrency named . Kim Kardashian including Floyd Mayweather and Paul Pierce class action against EthereumMax investors by Judge Michael Fitzgerald denied.
Judge Fitzgerald used the plaintiffs’ evidence to substantiate the alleged fraudulent claims. failing to meet elevated defense standards dismissed the case. Judge imposes law on advertisers limitations but before investors base their investments on the magic of the moment. expects them to act reasonably stated. However, he added that a new lawsuit can be filed after completing the requirements. In addition, Fitzgerald said that although there is not enough evidence to support the fraud claim, celebrities can easily manipulate people in such events. influence power He admitted that it was and that they should have been much more careful.
Earlier in October, Kardashian received it for promotion by the EthereumMax team. 250 thousand dollars issued by the U.S. Securities and Exchange Commission (SEC) for allegedly failing to disclose 1.26 million He had agreed to a dollar fine agreement. Kardashian’s lawyer Michael RhodesHe said they were satisfied with the court’s decision on the case.
On the other hand, the legal team of boxer Mayweather Mayweather with EthereumMax claims that there is any connection between refuses.