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Market News

FTX Lawsuit Finally served to Shaquille O’Neal, say Attorneys

A few days back, a Florida Judge ordered that Shaquille O'Neal cannot be served a summons electronically.

Written By Vismaya V
Published April 17, 2023 10:23 AM
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FTX Lawsuit served to Shaquille O'Neal, say Attorneys

Four-time NBA champion and top businessman Shaquille O’Neal aka “Shaq” has ultimately been served in a class-action lawsuit against multiple FTX celebrity promoters, after a 3-month long chase.

The Moskowitz law firm tweeted “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. 

“Mr. O’Neal will now be required to appear in federal court and explain to his millions of followers his ‘FTX: I Am All In’ false advertising campaign,” Moskowitz added.

@SHAQ 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.

— The Moskowitz Law Firm (@moskowitzesq) April 14, 2023

After an exhaustive three-month chase, the lawyers managing the class-action lawsuit were finally able to serve Shaquille O’Neal outside his residence in Atlanta, where he had been evading them.

Moskowitz law firm stated: “We just served personally Shaquille O’Neal outside his house with a copy of our complaint at 4 pm. We took Judge Moore’s instructions very seriously and are glad to finally end this silly sideshow.”

A lawsuit was filed against Tom Brady, and other FTX promoters, including Shaq, by Plaintiff Edwin Garrison claiming FTX and ex-CEO Sam Bankman-Fried, used celebrity endorsers to target “unsophisticated investors” in a “Ponzi scheme” to keep the crypto exchange afloat.

A few days back, K. Michael Moore, District Judge of the Southern District of Florida, had issued an order stating that Shaquille O’Neal cannot be served a summons electronically. O’Neal was the sole defendant in the class-action lawsuit who was yet to be served with the summons. 

Also Read: YouTubers Face $1Billion Class-action Lawsuit for Promoting FTX

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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