A motion has been filed by the legal team of Kim Kardashian to dismiss a class-action complaint targeting the businesswoman as well as the rest of the celebrities within the United States. A class-action complaint was launched against Kardashian as well as several other well-known influencers on social media in January this year due to the assertions that the investors had been misled by them via the promotion of EthereumMax (a crypto token) on social media.
Legal Team of Kim Kardashian Endeavors to Discharge the Class-Action Claims
An Instagram story was posted by Kardashian to advocate for the project in 2021’s June. Similarly, others like Floyd Mayweather (a prominent boxing player) were also entangled in the legal case after they promoted the Ethereum-based coin. Fans were allowed to buy pay-per-view tickets as well as the tokens, which showed great progress following the advertisement by the influencers in which Kardashian was also included.
EthereumMax’s value witnessed a considerable decline in the subsequent period and several people were deprived of their hard-earned funds. The initial court filing – in which the names of Mayweather, Kardashian, as well as 8 others, were mentioned – asserted that the executives of the firm as well as the celebrity promoters partnered up to make deceptive statements regarding the token as well as the control of a great number of tokens. Giovanni Perone and Steve Gentile were categorized as the project’s co-founders.
A Rebuttal to Petitioners’ Accusations Filed by the Legal Team
The legal team of Kardashian has endeavored to get the class action case dismissed, responding to the 10 assertions raised to contradict the influencer. An important point among them was the above-mentioned Instagram stories of Kardashian. In the court document filed by the team, it was noted that none of the petitioners has accused that the Instagram post was seen by them before buying tokens.
It was additionally argued that the assertions of plaintiffs that payment was received by the influencers in Ethereum (ETH) for the token’s promotion were baseless because there is a deficiency in evidence that compensation had been made to Kardashian for the Instagram posts shared by her.
Another thing brought to the front by the legal team was that no evidence was presented to prove that the tokens were ever sold, received, or purchased by Kardashian. An omnibus motion has been put forward by the defendants to discharge the whole class-action assertions.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.