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Celebrity athlete Shaquille O’Neal has finally been served with a copy of the class-action lawsuit against public figures who promoted the now-defunct crypto exchange FTX.
FTX Lawsuit Finally Reaches Shaq
Lawyers representing the group of FTX investors who have filed a class-action lawsuit against celebrities who endorsed the now-bankrupt FTX crypto platform have finally been able to successfully serve Shaquille O’Neal his copy of the lawsuit. The team of lawyers, who belong to the Moskowitz Law Firm, had apparently been attempting to serve O’Neal for months; however, he had been evading being served consistently. The lawsuit does name other celebrities who had been featured in FTX advertisements. However, O’Neal was the last one on that list to be served the papers.
The Moskowitz Law Firm tweets,
“Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit.”
A Three-Month Long Chase
The law firm had been making constant efforts to serve O’Neal for months. They even had to resort to submitting a filing, requesting permission to serve him via social media. The law firm claimed that O’Neal had displayed “shocking” behavior while evading multiple attempts to serve him over months. The request was, however, denied.
The firm had also tried to reach out to O’Neal on Twitter by tweeting at him from outside the NBA on TNT studios on Thursday, where he was covering a playoff.
“Mr. O’Neal: We represent thousands of FTX victims who lost their savings in the massive FTX fraud. We have been standing outside your TNT studios in Atlanta all week, but your security guards will not let us in, to just hand deliver our legal complaint. You’ve been running from us for 3 months & all other FTX celebrities have agreed to receive their complaints. Please have the courtesy & honor to simply allow our process servers tomorrow to deliver our legal complaint on your behalf, so you can defend your actions in this matter.”
The law firm was finally able to serve him the papers at his residence on Monday following more standard means.
Celebs In Hot Water Over FTX Ads
Neither O’Neal nor his representatives have commented on this recent development. However, he had addressed the matter back in December during an interview with CNBC, where he claimed that he was not involved with the business but was just paid to appear in the commercial.
The lawsuit is being headed by the law firm's head honcho, Adam Moskowitz, who had already named celebrities like Tom Brady, Gisele Bundchen, Steph Curry, Larry David, and even several popular YouTubers, along with FTX founder Sam Bankman-Fried of defrauding investors through their endorsements.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.