Per Coin Telegraph
Kim Kardashian was one of the celebrities that got into trouble for promoting EthereumMax (EMAX), which was now defunct. Although previously fined and dismissed by the Federal Judge, a new US District Judge is giving plaintiffs a new chance to pursue action.
Kim Kardashian and Floyd Mayweather were named in a January 2022 class action lawsuit regarding their promoting a "pump and dump" scheme allegedly. However, they were then later dismissed.
A Federal Judge in California dismissed both of them in December 2022, with Kim Kardashian paying a fine for her involvement. On June 6, US District Judge Michael Fitzgerald provided a new way for plaintiffs to go after them.
Judge Fitzgerald retained the "unfair competition" claims made by the plaintiffs against the celebrities for promoting the EMAX token. The US District Judge gave a statement regarding the updates on the case.
US District Judge Michael Fitzgerald: “The court is essentially dealing with an entirely new complaint, with new defendants and several new claims... Defendants do not offer a single benefit of allowing celebrities to endorse unvetted products without disclosing that they are being paid to do so.”
It was noted that it needs to be proven that the token's prices were affected by the celebrity promotion. The class-action lawyers on this case were from Scott+Scott.
In February, it was reported that Kim Kardashian earned $1 million for speaking at a hedge fund conference called iConnections Global Alts in Fontainebleau Miami Beach hotel on January 31.
Tickets for the event reportedly cost $10,000 each. It was a networking event for business and finance professionals.
In October 2022, it was reported that Kim Kardashian settled over $1 million to the SEC for the EthereumMax crypto scam shortly after she was sued for $40 million over a fake lottery scam.
See flow at unusualwhales.com/flow.
Other News:
- Kim Kardashian earned $1 million dollars for speaking at a hedge fund conference
- Kim Kardashian Settles Over $1M to the SEC for Crypto Scam Shorty After Being Sued for $40M for 'Fake Lottery Scam'
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