Judge Dismisses Most Claims Against Tom Brady, Stephen Curry Over FTX Crypto Endorsements
- A federal judge in Florida dismissed most claims against celebrities and influencers who endorsed the collapsed cryptocurrency exchange FTX in a recent ruling.
- The lawsuit began after FTX's November 2022 collapse wiped out billions in customer funds and alleged the celebrities knew about the fraud, but the judge found insufficient evidence of their knowledge.
- Key defendants cleared include sports figures Tom Brady, Stephen Curry, supermodel Gisele Bündchen, investor Kevin O'Leary, and several YouTube influencers accused of promoting unregistered securities without disclosure.
- Judge K. Michael Moore’s Wednesday order stated plaintiffs failed to show celebrities had adequate knowledge of FTX or Sam Bankman-Fried’s misconduct, allowing the lawsuit to proceed in limited form under state laws.
- This ruling narrows the multidistrict litigation and intensifies scrutiny on celebrity endorsements in crypto, while FTX continues bankruptcy proceedings and seeks liability settlements.
19 Articles
19 Articles
Brady, Ohtani, Curry And Other Athletes Get Majority Of FTX Claims Dismissed By Judge
FTX-logo-at-the-bottom-of-the-scoreboard-in-Miami Tom Brady, Shohei Ohtani, Steph Curry, Naomi Osaka, David Ortiz and other famous folks got most of the claims made against them in the FTX case dismissed by a federal judge this week. Last year, an $11 billion lawsuit was filed against them over endorsement deals they had with the failed crypto exchange FTX. All of the celebrities named in the lawsuit, including Gisele Bundchen, David Ortiz, Udon…
Judge Tosses Nearly All Claims Against Tom Brady, Shohei Ohtani And Others In FTX Crypto Lawsuit
A federal judge elected to toss out nearly every claim made in a lawsuit against investors, including sports stars Steph Curry, Tom Brady, Shohei Ohtani, and others, after they promoted the collapsed cryptocurrency exchange FTX.United States District Judge K. Michael Moore in Miami dismissed 12 of the 14 claims in the lawsuit, explaining in a 49-page decision that the investors did not prove that celebrities and sports stars promoting the crypto…
Celebrities in the Spotlight: Legal Battles Over FTX Promotions
Celebrities in the Spotlight: Legal Battles Over FTX Promotions A federal judge has decided that a lawsuit involving several famous athletes and their alleged role in promoting the now-collapsed cryptocurrency exchange FTX can proceed, although in a limited capacity. The key sports figures include famous names such as Tom Brady and Stephen Curry.The court ruled that the investors did not sufficiently demonstrate that these celebrities knew about…
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