Kim Kardashian Gets No Relief From Court In Crypto Scam Lawsuit

Reality TV star Kim Kardashian’s request to throw out the ongoing crypto-related lawsuit against her was denied by a US court. Kim is accused of scamming investors when she shilled EthereumMax on her social media accounts without revealing she was paid for it.

Kim Kardashian’s request to dismiss false advertising claims dismissed

Kim Kardashian’s lawyers requested the court to dismiss false advertising claims over her social media posts in which she said EMAX tokens would be accepted at certain night clubs as payment for table reservations. The court denied the request. The judge said the investors adequately alleged the posts were “literally false.” He also found that a Kardashian post suggesting that EMAX tokens were scarce was misleading, Bloomberg reported.

The Los Angeles court had dismissed the claims in November, saying “there is just a lot that is wrong with this case.” In Tuesday’s ruling, he noted that lawyers for the investors “artfully cured” some deficiencies in their previous version of the complaint, but warned that he’s giving them just one more opportunity to address remaining shortcomings in some claims or they will be dismissed for good.

Floyd Mayweather escapes similar claims

Unlike Kim Kardashian, Floyd Mayweather Jr. escaped similar charges after the judge ruled that his public statements about the growth prospects for the EMAX token were mostly harmless. But investors who claim they paid “inflated prices” for the mentioned cryptocurrency will get a chance to revise and refile their allegations that the ex-boxing champion failed to disclose he was being paid to promote EMAX.

In the case of the legendary boxer, the judge ruled, Mayweather can’t be sued for stating his “belief” about the future growth of EMAX at a 2021 Bitcoin conference, because that amounts to “quintessential non actionable puffery.” Earlier, the US Securities and Exchange Commission revealed Kardashian had agreed to pay $1.26 million to settle allegations that she broke US rules by touting EMAX tokens. The SEC said Kardashian didn’t disclose that she was paid $250,000 to post on her Instagram account about the tokens.

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Jai Pratap is a Crypto and Blockchain enthusiast with over three years of working experience with different major media houses. His current role at CoinGape includes creating high-impact web stories, cover breaking news, and write editorials. When not working, you’ll find him reading Russian literature or watching some Swedish movie.

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