- Shaquille O’Neal avoids notice in class action lawsuit for promoting FTX on US TV shows.
- Lawyers try to contact him without success and ask to notify him through social networks and email.
- Class action lawsuits against celebrities for promoting crypto companies become common in the context of the bankruptcy of various digital asset companies.
Is it so hard to find a man who is over 2.10 meters tall and regularly appears on TV shows in the United States?
It seems so, because the lawyers who are carrying out the lawsuit of a group of those affected by the fall of FTX try to contact, without success, Shaquille O’Neal and they don’t make it.
They want him to answer for promoting the exchange, and the NBA champion-turned-DJ has evaded all attempts.
O’Neal repeatedly promoted the crypto exchange, even going so far as to be nicknamed “Shaqtoshi” in one of the commercials, as did dozens of other celebrities and NBA franchise companies targeted by the class action lawsuit.
They allege that he and others including football star Tom Brady and “Seinfeld” creator Larry David knowingly promoted a “fraudulent scheme.”
Despite being a fixed driver in the program “The NBA on TNTA podcast host and touring DJ under the stage name “DJ Diesel,” O’Neal has avoided lawyers time and time again.
Lawyers for the plaintiffs say that while it’s easy to figure out where Shaq’s next public appearance will be, likewise, as a celebrity and public figure, he’s also someone who’s hard to get to.
According to The Bockit has been so difficult to serve Shaq in person that the lawyers they asked a judge to allow them to notify him via Instagram, Twitter and email, but the magistrate denied the request.
“O’Neal’s conduct over the last five months to evade justice is unprecedented; It is shocking due to the scope of his appearances, his personality and multiple public presences, ”says the text that the lawyers attached to the court file that is part of the lawsuit. “O’Neal is the only defendant who has not yet been notified,” adds.
¡¡BOOM!! ?
We couldn’t keep it a secret any longer! We partner with… the one… the amazing…@SHAQ! (aka Shaqtoshi)
— FTX in Spanish (@FTX_ES) June 1, 2022
Shaquille O’Neal faces lawsuit for advertising FTX
The lawsuit against the public persons who advertised and promoted FTX was brought by Edwin Garrison, an American from Oklahoma who says he bought a declared value of FTX’s FTT token after seeing the company’s advertisements.
Garrison, who brought the lawsuit on behalf of others affected by the exchange, says the celebrities named in the lawsuit failed to exercise due diligence in knowing what they were offering before promoting the company.
Class action lawsuits related to the cryptocurrency business have become more common in recent months, since there are many digital asset companies that declare bankruptcy.
For example, there is a class action lawsuit against those who advertised the failed crypto lender Voyager Digital. In that process, the owner of the Dallas Mavericks, Mark Cuban, is targeted for promoting the company.
There is a history of people being quoted by Twitter. This is the case of the co-founders of Three Arrows CapitalSu Zhu y Kyle Davies.
If O’Neal isn’t notified by next week, the judge could allow the class action lawsuit to proceed without him.
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