Kim Kardashian could be heading toward victory in investor lawsuit
Kim Kardashian made quite some noise this year. This, however, wasn’t part of showbiz. The reality star was in the headlines for endorsing a crypto . While celebrity endorsements are common, the repercussions of her promotions were louder than the crypto ad itself. Kardashian was joined by prominent boxer Floyd Mayweather Jr. in legal trouble for endorsing EthereumMax. Just last month, Kardashian was hit with a lawsuit. Recent reports point out that the aforementioned parties had won a tentative court ruling dismissing a lawsuit accusing them of defrauding investors through EthereumMax. US District Judge Michael Fitzgerald stated in a written ruling on Monday that in his “tentative view” the investors’ attorneys are “trying to act like” the US Securities and Exchange Commission, but “haven’t chosen to view the tokens as a security.” In addition to this, they haven’t employed a typical securities fraud claim in this par...