- US District Judge rejected arguments by Kim Kardashian’s lawyers that the judge should dismiss false advertising claims over her touting EMAX tokens.
- Investors claimed Kardashian’s post suggesting that EMAX tokens are scarce was misleading.
- Judge Michael Fitzgerald concluded that Floyd Mayweather’s statements regarding the growth potential of the EMAX tokens were inconsequential.
Popular American media personality Kim Kardashian is facing hard luck in the Ethereum Max (EMAX) token controversy as a US District Judge rejected arguments by Kardashian’s lawyers that they should dismiss false advertising claims over her social media posts.
According to a Bloomberg report, US District Judge Michael Fitzgerald stated that the investors who filed the lawsuit against Kim Kardashian claim that the posts are false, and also that a Kardashian post suggesting that EMAX tokens were scarce was misleading.
Aside from Kim Kardashian, the boxing star Floyd Mayweather, and former NBA star Paul Pierce were also sued for allegedly promoting EMAX tokens. The lawsuit puts forth the claim that the celebrities deceived their followers into purchasing EthereumMax tokens, only to offload them once their value skyrocketed.
In the case of Floyd Mayweather, Judge Michael Fitzgerald concluded that his public statements regarding the growth potential of the EMAX token were largely inconsequential.
However, investors who argue that they paid high prices for EMAX will have an opportunity to amend and resubmit their claims, stating that Mayweather neglected to disclose his payment for promoting EMAX.
In a twist of events, the same Judge who dismissed a lawsuit against Kim Kardashian, Floyd Mayweather, and others last November, citing lack of merit in the fraud allegations and emphasizing the responsibility of investors to conduct due diligence, now dismissed Kim’s defense move.
However, in the most recent ruling, the Judge grants the investors one final chance to address any remaining shortcomings in their claims. If they fail to do so, their case may face permanent dismissal. It seems that the legal battle surrounding EMAX and its promoters is far from over, with both sides eagerly anticipating the outcome of this lawsuit.
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