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Kim Kardashian, Floyd Mayweather crypto lawsuit dismissed
Kim Kardashian to pay $1.26 million over cryptocurrency charges
Brown Rudnick partner Hailey Lennon analyzes Kardashian’s settlement on ‘Making Money with Charles Payne.’
A federal judge dismissed a lawsuit against Kim Kardshian and Floyd Mayweather Jr. Wednesday over their alleged roles in a cryptocurrency scheme.
Kardashian, along with the boxing legend and retired basketball player Paul Pierce were just a few of the celebrities involved in the EthereumMax (EMAX) promotion.
"We are pleased with the court’s well-reasoned ruling," Michael Rhodes, lead counsel to Kim Kardashian, told FOX Business.
The class-action suit filed in January claimed celebrity promoters made "false or misleading statements to investors about EthereumMax through social media advertisements and other promotional activities."
KIM KARDASHIAN TO PAY OVER $1M TO SETTLE WITH SEC OVER CRYPTO CHARGES