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NBA Star Shaquille O’Neal Holed up at Home to Avoid FTX-Related Lawsuit

By Simon LawsonMarch 16, 20231 Min Read
NBA Star Shaquille O’Neal Holed up at Home to Avoid FTX-Related Lawsuit
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NBA star Shaquille O’Neal has been hiding out at home to avoid a class-action lawsuit filed by investors in November, according to his lawyers.

The lawsuit was filed against him and a former executive of cryptocurrency exchange FTX in order to promote the exchange’s growth.

Attorneys for the plaintiffs, David Boyce and Adam Moskowitz, wrote in an email to the defendants Tuesday that they made strenuous efforts to serve the lawsuit on their behalf, but only O’Neill chose to evade service in support of the Litigation. Prolonging legal proceedings or evading responsibility for charges.

O’Neill had allegedly been hiding out at home for the past month when the subpoena showed up at his door with court documents, according to the attorney. They also claim to have contacted the last known litigant for O’Neill without success.

Related:  New York Attorney General Takes Legal Action Against Kucoin and Classifies Ethereum as a Security

The lawsuit accuses O’Neill and FTX of violating securities laws by promoting the exchange without disclosing endorsement fees.

FTX has declined to comment on the case, while O’Neal’s representatives have not responded to requests for comment. The court is expected to rule on the plaintiffs’ motion to allow alternative service on the defendants.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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