In a negative turn of events for Floyd Mayweather and Kim Kardashian as a judge has refused to dismiss a case of "pump and dump" scam. Let's find out what this means for the celebrities.
Kim Kardashian, Floyd Mayweather, and Paul Pierce are facing a lawsuit that accuses them of promoting worthless crypto tokens in a 'pump and dump scam.'
As per the lawsuit, the three celebrities promoted tokens sold by EMAX and subsequently profited 'at the expense of their followers and investors.'
Los Angeles District Judge Michael Fitzgerald has denied the request from Kim Kardashian's lawyers to dismiss false advertising claims against her.
Judge Michael Fitzgerald ruled that Floyd Mayweather cannot be sued for expressing his personal belief about the potential growth of EMAX tokens, as it falls under "quintessential nonactionable puffery."
During the exhibition fight with Logan Paul in June, Floyd Mayweather prominently displayed the promotion of EthereumMax by featuring it on his boxing trunks.