NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Shaquille O’Neal Served In Class-Action Lawsuit Against FTX’s SBF

Published 04/18/2023, 01:42 AM
Updated 04/18/2023, 02:00 AM
Shaquille O’Neal Served In Class-Action Lawsuit Against FTX’s SBF

  • Popular basketball player Shaquille O’Neal has been served in a lawsuit against FTX’s Sam Bankman-Fried.
  • The NBA star had allegedly been evading attempts by the plaintiffs’ law firm to serve the summons.
  • The news comes days after a Judge denied a motion to electronically serve O’Neal.

A law firm representing the plaintiffs in a class action lawsuit against FTX’s Sam Bankman-Fried has managed to serve popular basketball player Shaquille O’Neal. The news comes a week after a Florida judge ruled out the possibility of serving O’Neal the summons electronically for his role as a spokesperson of the bankrupt crypto exchange.

The Moskowitz Law Firm took to Twitter earlier today to provide an update on the matter. As the legal representative of thousands of FTX victims who lost their savings in the exchange’s collapse, the law firm served Shaq outside his house in Atlanta, Georgia. The billion-dollar lawsuit named several other celebrity spokespeople including Shark Tank host Kevin O’Leary and NFL Star Tom Brady who endorsed and promoted Bankman-Fried’s downed exchange.

The law firm alleged that the NBA star had been evading attempts made by them to serve the summons to him. For the past three months, Shaq had reportedly been hiding and driving away from the firm’s process servers who made efforts to serve him the summons. These efforts included standing outside the basketballer’s house, TNT Studios in Atlanta; however, all efforts to deliver the legal complaint failed.

The lawyers further alleged that they tried to reach O’Neal through social media platforms like Twitter and Instagram by leaving comments on his posts. “His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.”

In his defense, Shaquille O’Neal claimed last year that he never believed in crypto. “A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” he stated.

The post Shaquille O’Neal Served In Class-Action Lawsuit Against FTX’s SBF appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.