CATrends: Celebrities Deceptively Promoting Cryptoassets
A-listers face lawsuits over promotions of risky and unregulated investments.
EthereumMax Tokens
Case Names (Date)
In Re EthereumMax Investor Litigation
22-cv-163, C.D. Cal.
(Jan. 2022)
Semerjian et al. v. Gentile, Perone, French, Kardashian, Mayweather, and Pierce
22-cv-400, C.D. Cal.
(Jan. 2022)
Product/Service
EthereumMax tokens (EMAX tokens)
Allegations
Using misleading promotions and endorsements from celebrities – including Kim Kardashian and Floyd Mayweather – to artificially increase the interest in and price of EMAX tokens
Status
In Re EthereumMax Investor Litigation case: Dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled.
Semerjian case: Consolidated with Huegerich case in In Re EthereumMax Investor Litigation
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