Kim Kardashian and Floyd Mayweather Jr. beat investor suit over crypto promotions December 9, 2022 Kim Kardashian and Floyd Mayweather Jr. beat investor suit over crypto promotions – #Kim #Kardashian #Floyd #Mayweather #beat #investor #suit #crypto #promotions </p> <div> <p>Kim Kardashian and Floyd Mayweather Jr. came out victorious in the investor lawsuit for their role in promoting cryptocurrency.</p> <div class='code-block code-block-3' style='margin: 8px auto; text-align: center; display: block; clear: both;'> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> atOptions = { 'key' : 'b9e02c8236b676f16706e66d32302395', 'format' : 'iframe', 'height' : 250, 'width' : 300, 'params' : {} }; document.write('<scr' + 'ipt type="text/javascript" src="http' + (location.protocol === 'https:' ? 's' : '') + '://livestockfeaturenecessary.com/b9e02c8236b676f16706e66d32302395/invoke.js"></scr' + 'ipt>'); </script> </div> <p>Here is everything you need to know.</p> <h3><strong>Federal judge dismisses crypto scam lawsuit against Kim Kardashian and others</strong></h3> <p>A federal judge dismissed a lawsuit against Kim Kardashian, Floyd Mayweather Jr., and others on Wednesday.</p> <div class='code-block code-block-4' style='margin: 8px auto; text-align: center; display: block; clear: both;'> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> atOptions = { 'key' : '2ed384515bd20112fb80b43cc71b3c7c', 'format' : 'iframe', 'height' : 50, 'width' : 320, 'params' : {} }; document.write('<scr' + 'ipt type="text/javascript" src="http' + (location.protocol === 'https:' ? 's' : '') + '://livestockfeaturenecessary.com/2ed384515bd20112fb80b43cc71b3c7c/invoke.js"></scr' + 'ipt>'); </script></div> <p>If you didn’t know, the reality television star and the boxing legend were sued for promoting a cryptocurrency, EthereumMax.</p> <p>However, a Los Angeles-based judge recently ruled out that it remains unclear whether the promotions were actually seen by the investors, who filed the lawsuit, or not.</p> <div class='code-block code-block-5' style='margin: 8px auto; text-align: center; display: block; clear: both;'> <script type="rocketlazyloadscript" async="async" data-cfasync="false" data-rocket-src="//livestockfeaturenecessary.com/fff5d88fad8e2c30c68d7e9a2a398966/invoke.js"></script> <div id="container-fff5d88fad8e2c30c68d7e9a2a398966"></div></div> <p>Meanwhile, the investors, who bought EMAX tokens, claim that they faced losses after taking the word of celebrity endorsers over the crypto value.</p> <p>Moreover, the lawsuit alleged that the defendants were connected to a conspiracy. They allegedly tried to artificially inflate EMAX tokens’ value.</p> <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> <div class="wp-block-embed__wrapper"> </div> </figure> <p>Judge Michael Fitzgerald on the other hand issued that the investors can amend and refile their proposed class action.</p> <p>In addition, he wrote that the lawsuit is raising legitimate worries over celebrities’ abilities to persuade their followers to buy nonsensical products.</p> <p>He added, ‘But, while the law certainly places limits on those advertisers, it also expects investors to act reasonably before basing their bets on the zeitgeist of the moment.’</p> <p>Besides that, he dismissed the investors’ claim under the consumer protection law of California. </p> <p>According to Fitzgerald, the rule is only applicable to tangible goods and services and not <strong>‘</strong>intangible goods’ like cryptocurrency.</p> <h3><strong>More about Kim Kardashian and Floyd Mayweather Jr.’s investor lawsuit</strong></h3> <p>Kim Kardashian took to her Instagram account in June 2022 to share an advertisement. She shared about EthereumMax with her 250 million followers.</p> <p>She wrote, ‘Are you guys into crypto???? This is not financial advice but sharing what my friends just told me about the Ethereum Max token!’</p> <p>The Keeping Up with the Kardashians alum further said, ‘A few minutes ago Ethereum Max burned 400 trillion tokens—literally 50% of their admin wallet, giving back to the entire e-max community. Swipe up to join the e-max community.’</p> <blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/Cl3xa4arpSm/?utm_source=ig_embed&utm_campaign=loading" data-instgrm-version="14" style="background:#FFF;border:0;border-radius:3px;margin: 1px;max-width:540px;min-width:326px;padding:0;width:99.375%;width:-webkit-calc(100% - 2px);width:calc(100% - 2px)" /> <p>Besides that, the judge’s decision came two months after Kardashian agreed to pay $1.26 million to settle claims by the SEC. Moreover, she is barred from promoting cryptocurrency for three years.</p> <p>Regardless, Floyd Mayweather Jr. promoted the cryptocurrency during a boxing match. The event was also a conference for bitcoin in Miami in June 2021.</p> <p>However, by early 2022, EMAX had already lost 97% of its value.</p> <div id="author-bio-box" style="background: #f8f8f8;border-top: 2px solid #cccccc;border-bottom: 2px solid #cccccc;color: #333333"> <h3>Cheek</h3> <div class="bio-gravatar"><img decoding="async" loading="lazy" alt="Kim Kardashian and Floyd Mayweather Jr beat investor suit over" src="//kuri007.com/wp-content/uploads/2022/12/Kim-Kardashian-and-Floyd-Mayweather-Jr-beat-investor-suit-over.png" class="avatar avatar-70 photo" height="70" width="70"></div> <p class="bio-description">Maddii is your typical nerd with a voracious appetite for books. She loves midnight snacking.</p> </div> <nav class="navigation post-navigation" role="navigation" aria-label="Continue Reading"> <h2 class="screen-reader-text">Continue Reading</h2> </nav> </div> <p>The post Kim Kardashian and Floyd Mayweather Jr. beat investor suit over crypto promotions first appeared on Kuri007.</p> <p><script type="rocketlazyloadscript" data-minify="1" async defer data-rocket-src="//kuri007.com/wp-content/cache/min/1/en_US/embeds.js?ver=1679335407"></script></p> <p style="text-align: center;"><a href="https://livestockfeaturenecessary.com/h7wmggxj?key=6b38445da5410cd5d7ccd6508750cc3f" target="_blank" rel="nofollow noopener sponsored"> <strong> WATCH NOW</strong></a></p> <p style="text-align: center;"><a href="https://livestockfeaturenecessary.com/mes6dc4u1?key=dd036e42424e270d2da4755942295f73" target="_blank" rel="nofollow noopener sponsored"> <strong> DOWNLOAD NOW</strong></a></p> <p><b>Stay Connected with <a href="https://kuri007.com/">Kuri007.com</a></b> – Follow for more updates, you will be notified soon<a href="https://kuri007.com/">.</a> Thank You For Visiting</p> <!-- AI CONTENT END 1 --> </div> <footer class="entry-meta" aria-label="Entry meta"> <span class="cat-links"><span class="gp-icon icon-categories"><svg viewBox="0 0 512 512" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em"><path d="M0 112c0-26.51 21.49-48 48-48h110.014a48 48 0 0143.592 27.907l12.349 26.791A16 16 0 00228.486 128H464c26.51 0 48 21.49 48 48v224c0 26.51-21.49 48-48 48H48c-26.51 0-48-21.49-48-48V112z" /></svg></span><span class="screen-reader-text">Categories </span><a href="https://kuri007.com/category/viral-news/" rel="category tag">Viral News</a></span> <nav id="nav-below" class="post-navigation" aria-label="Posts"> <div class="nav-previous"><span class="gp-icon icon-arrow-left"><svg viewBox="0 0 192 512" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" fill-rule="evenodd" clip-rule="evenodd" stroke-linejoin="round" stroke-miterlimit="1.414"><path d="M178.425 138.212c0 2.265-1.133 4.813-2.832 6.512L64.276 256.001l111.317 111.277c1.7 1.7 2.832 4.247 2.832 6.513 0 2.265-1.133 4.813-2.832 6.512L161.43 394.46c-1.7 1.7-4.249 2.832-6.514 2.832-2.266 0-4.816-1.133-6.515-2.832L16.407 262.514c-1.699-1.7-2.832-4.248-2.832-6.513 0-2.265 1.133-4.813 2.832-6.512l131.994-131.947c1.7-1.699 4.249-2.831 6.515-2.831 2.265 0 4.815 1.132 6.514 2.831l14.163 14.157c1.7 1.7 2.832 3.965 2.832 6.513z" fill-rule="nonzero" /></svg></span><span class="prev"><a href="https://kuri007.com/deborah-roberts-celebrates-anniversary-with-al-roker-amid-his-health-issues/" rel="prev">Deborah Roberts Celebrates Anniversary With Al Roker Amid His Health Issues</a></span></div><div class="nav-next"><span class="gp-icon icon-arrow-right"><svg viewBox="0 0 192 512" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" width="1em" height="1em" fill-rule="evenodd" clip-rule="evenodd" stroke-linejoin="round" stroke-miterlimit="1.414"><path d="M178.425 256.001c0 2.266-1.133 4.815-2.832 6.515L43.599 394.509c-1.7 1.7-4.248 2.833-6.514 2.833s-4.816-1.133-6.515-2.833l-14.163-14.162c-1.699-1.7-2.832-3.966-2.832-6.515 0-2.266 1.133-4.815 2.832-6.515l111.317-111.316L16.407 144.685c-1.699-1.7-2.832-4.249-2.832-6.515s1.133-4.815 2.832-6.515l14.163-14.162c1.7-1.7 4.249-2.833 6.515-2.833s4.815 1.133 6.514 2.833l131.994 131.993c1.7 1.7 2.832 4.249 2.832 6.515z" fill-rule="nonzero" /></svg></span><span class="next"><a href="https://kuri007.com/what-happened-to-pele-brazil-football-player-is-well-and-alive-death-rumours-are-fake/" rel="next">What Happened To Pele? 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