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Court Dismisses Lawsuit Against Kim Kardashian

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Kim Kardashian and Mayweather were accused of misleading investors by promoting a scheme called "pump and dump." The lawsuit was dismissed today.

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According to the US court, the case raised "legitimate concern" about celebrities' ability to convince fans to "buy snake oils with unprecedented ease and reach."

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District Judge added that "But the law still required investors to "act reasonably" before acting "on the current zeitgeist."

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Kim Kardashian promoted EthereumMax back in June 2021 on her Instagram account.

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Mayweather, a boxing legend, promoted the EMAX tokens during a boxing match and at a Bitcoin conference held in June 2021.

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In 2021, the EMAX token saw a meteoric rise in value. However, by January, it had lost 97%.

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Investors can file a new lawsuit before 22 December if they make changes to their claims.

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