- Floyd Mayweather Jr., unlike Kim Kardashian, was exonerated of identical allegations.
- According to SEC, Kardashian hid the fact that she was paid $250,000 for promotion.
A US judge has rejected reality TV star Kim Kardashian’s plea to dismiss the crypto-related litigation now pending against her. There are allegations that Kim defrauded investors. By promoting EthereumMax on her social media platforms without disclosing that she was compensated for doing so.
Kim Kardashian’s attorneys asked the judge to throw out the defamation suit. Since Kim never really indicated that EMAX tokens could be used to reserve tables at nightclubs.
False Claims and Hid Being Paid
The court ruled against the petition. The court ruled that the investors had shown sufficient evidence that the postings were “literally false.” According to Bloomberg, he also concluded that a tweet by Kim Kardashian implying that EMAX tokens were limited was deceptive.
In November, a Los Angeles judge ruled that the claims should be thrown out. Because “there is just a lot that is wrong with this case.” In his judgement issued on Tuesday, the judge acknowledged that the investors’ attorneys had “artfully cured” several errors in the lawsuit. But he cautioned that the remaining faults in certain claims would be dismissed permanently if they were not addressed.
Floyd Mayweather Jr., unlike Kim Kardashian, was exonerated of identical allegations. Because a court found that his comments about the EMAX token’s potential development were not malicious.
Investors who purchased the cryptocurrency at “inflated prices” due to the ex-boxing champion’s alleged failure to disclose he was being paid to promote EMAX will be given the opportunity to modify and refile their claims.
An earlier SEC filing showed that Kardashian had settled charges of violating US regulations by promoting EMAX coins for $1.26 million. According to the SEC, Kardashian hid the fact that she was paid $250,000 to promote the tokens on Instagram.