Former basketball star Shaquille O'Neal has yet another run-in with the process servers, who have been trying to file a class action lawsuit against him for months over his alleged promotion of FTX.
This time, however, a new lawsuit has been added, which also accuses him of founding and promoting a Solana-based non-fungible token project called Astrals, which the lawsuit calls an “unregistered security.”
According to a statement Adam Moskowitz sent to Cointelegraph, the processing server was able to reach O'Neal at the former FTX Arena (now renamed the Kaseya Center) on May 23, while he was commenting on a playoff basketball game. Attorneys who helped file the two lawsuits. Moskowitz said O'Neal received the FTX class-action lawsuit as well as a new separate class-action lawsuit involving his alleged promotion of Project Star. Previously, O'Neill claimed in court that the FTX suit's processing server "threw " the files in front of the car he was driving before he left them on the road. His lawyers argued that such service of action was "inadequate."
Under federal rules, an action can only be deemed served by "service of a subpoena in accordance with state law." His lawyers argued that the previous lawsuit against O'Neill was in Georgia and was not "brought by an authorized person." For the latest litigation service, Moskowitz claims that the process server bought tickets to the May 23 Eastern Conference Finals game at the arena O'Neal commented on. According to reports, the server was able to transmit complaints. Moskowitz claimed that O'Neal later ejected The server from theaina. The Ftx Lawsuit Focuses on Celebrities Who Allegedly Support the Now-Bankrupt Exchange. O'Neal With With Basketball Player Stephen Curry, Retired NFL Player Tom Brady, Comedian Larry David and FTX Founder Sam Bankmanfried.
O'Neal and Curry seemed to be able to joke about class-action lawsuits on TV. Before the game, Curry accepted the award, and O'Neal talked with the basketball star. "Thank you for getting me in trouble," O'Neal Neal joked to a laughing Curry. "Don't say anything, be quiet," he added, before a moderator quickly came over and changed the subject.
Meanwhile, a second class-action lawsuit against O'Neill revolves around his alleged creation and promotion of the Solana-based Astrals NFT project, which the complaint allegations “offers and sells unregistered securities.” The lawsuit claims that NFTs are “investment contracts" under the Howey test, and the lawyers say the buyer is "in an ordinary business" and has "an expectation of profit."
O'Neill is the only named defendant in the indictment. The plaintiffs allege they "invested" in Astrals and "suffered investment losses" as a result of O'Neill's "conduct."
The suit also questions "whether he remains involved with the Astrals project," claiming that O'Neill has not posted to the project's Discord since January. The plaintiffs are seeking various damages and monetary relief related to the losses they claim to have caused by purchasing the NFTs.
