.KimKardashian, FloydMayweather and paulpierce34 have won an investor lawsuit over their involvement with EthereumMax. By camomileshumba.
Reality TV star Kim Kardashian won a lawsuit against her and other celebrities over their endorsement of cryptocurrency platform EthereumMax on Tuesday after a judge dismissed the case due to the fact that the allegations were insufficient.
The plaintiffs alleged in January that they suffered damages after following celebrity endorsements by the likes of Kardashian, along with retired boxer Floyd Mayweather Jr. and National Basketball Association Hall of Famer Paul Pierce.
“While the law certainly places limits on those advertisers, it also expects investors to act reasonably before basing their bets on the zeitgeist of the moment,” Fitzgerald said in the document. Kardashian has had to pay $1.26 million to the U.S. Securities and Exchange Commission for not disclosing the $250,000 payment she received for promoting EthereumMax.
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