Kim Kardashian, Floyd Mayweather and other celebrities are looking to get a revised attempt to hold them liable for allegedly promoting EthereumMax (EMAX) without proper disclosure dismissed.
The celebrities have filed a lawsuit asking for the dismissal of a second amended complaint from EthereumMax investors filed in December 2022.
The celebrities allege that the renewed allegations push the “same basic theory” forward that the court had previously dismissed.
The investors’ class-action lawsuit runs on the premise that the EthereumMax team worked with the celebrities to sell EMAX tokens to investors in what they describe as a “pump-and-dump” scheme.
Kardashian has already been fined once because of EthereumMax promotions on social media. On Oct. 3, 2022, Kardashian reached a $1.26 million settlement with the United States Securities and Exchange Commission (SEC) after failing to disclose that she received a $250,000 payment to promote the crypto project.
