Kim Kardashian, Floyd Mayweather, and a number of other celebrities are attempting to persuade a court to reject an additional effort to hold them accountable for allegedly promoting EthereumMax (EMAX) without providing the appropriate information.
A second amended case from EthereumMax investors was filed in December 2022, and the celebrities urged a federal court in California to dismiss the complaint as frivolous. The defendants claim that the newly raised claims are an advancement of the “same fundamental notion” that the court had previously rejected.
The investors’ class-action complaint is based on the idea that the EthereumMax team collaborated with celebrities in order to engage in a scam that they refer to as a “pump-and-dump” scheme when it came to the sale of EMAX tokens to investors.
However, the defendant’s motion to dismiss the renewed complaint argues that the theory revolving around celebrities advertising the EMAX…
