cryptonews: A federal judge has dismissed a lawsuit against reality TV star Kim Kardashian and several other celebrities over a cryptocurrency promotion. 🙄
A federal judge has dismissed a lawsuit against reality TV star KIm Kardashian and several other celebrities over a cryptocurrency promotion.
The judge added that the plaintiffs also failed to show that the endorsers intended to mislead other investors, rather than simply acting in their own best interests.that — with their paid endorsements — Kardashian, boxer Floyd Mayweather and former NBA star Paul Pierce, among others, had engaged in a pump-and-dump scheme. The EMAX token is down 99.82% from its all-time high seen in May 2021.
The ruling came two months after Kardashian agreed to a $1.26 million fine to settle a lawsuit by the Securities and Exchange Commission which accused her of failing to properly disclose that she had been paid to endorse EthereumMax.
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