Shaquille O’Neal will pay $1.8 million to settle claims that he deceived investors by promoting a now-bankrupt crypto exchange FTX, CBNC reports. The case had been pending since November 2022. The FTX Class Action Lawsuit The class action lawsuit also includes notable celebrities such as Tom Brady, Gisele Bündchen, Steph Curry, Naomi Osaka, Larry David, and FTX founder Sam Bankman-Fried. However, O’Neal was the only celebrity defendant to remain associated with the company after he was served legal papers. After avoiding rocess servers for months, O’Neal was served with two complaints during
Google has agreed to pay $50 million in a racial bias lawsuit against Black staff workers. On Thursday evening, a preliminary settlement covering over 4,000 Google employees in California and New York was filed in Oakland, California federal court, which requires a judge’s approval, according to Reuters. The lawsuit In 2022, the plaintiff, April Curley, proposed a class action lawsuit from the California Civil Rights Department, stating that management gave opportunities only for lower-ranked roles, paid them less, gave them lower performance ratings, and stopped them from opportunities for development
Google has agreed to pay $28 million to settle a class-action lawsuit alleging that it favored white and Asian employees over other racial and ethnic groups by offering them higher salaries and placing them on faster career tracks. Reuters reports that the settlement was reached after lawyers agreed to exclude Black workers from the class. A lawyer for the plaintiff told POCIT that a Black employee pursuing a separate pay equity case against Google requested the exclusion so she could pursue those claims independently. The Case Against Google The lawsuit was
Carlos Watson, the founder of Ozy Media, was sentenced on Monday to 116 months in prison for defrauding investors and misrepresenting the company’s finances. The decision comes after Watson’s conviction in July for orchestrating a fraudulent scheme that included falsifying contracts and fabricating deals to gain investor trust, according to Reuters. Fraudulent Deals And Fabricated Contracts The sentencing, delivered by US District Judge Eric Komitee in Brooklyn federal court, marks the culmination of a high-profile case. Prosecutors accused Watson and his now-defunct media startup of inflating revenue projections and audience
Byron Allen’s $10 billion lawsuit accusing McDonald’s of racial discrimination is heading to trial, following a federal judge’s ruling, according to Variety. The media mogul alleges that the fast-food giant denied advertising opportunities to his Black-owned media outlets while reserving substantial budgets for general-market advertising. Court Allows Jury to Decide United States District Judge Fernando M. Olguin found sufficient grounds for the case to be heard by a jury. In his decision, he noted that this type of case benefits from a full hearing. Allen’s lawsuit claims that McDonald’s created
Joanna Smith-Griffin, founder of the education-focused AI startup AllHere Education, has been charged with fraud and identity theft after allegedly misrepresenting her company’s financial health and customer base. Smith-Griffin, 33, reportedly secured nearly $10 million in investments by inflating revenue figures and claiming non-existent contracts with major school districts, including New York City Public Schools. Misrepresentation and Personal Gain Launched in 2016, AllHere Education aimed to combat absenteeism in schools using an AI chatbot named “Ed.” By 2021, Smith-Griffin asserted that her technology was adopted by eight major districts. However,
Shaquille O’Neal, former NBA star and current sports commentator, has reportedly agreed to an $11 million settlement to resolve a class action lawsuit over his promotion of Astrals non-fungible tokens (NFTs). Shaq’s NFT Lawsuit And FTX Links Under Legal Scrutiny The settlement, awaiting court approval, also addresses separate claims linked to the collapse of cryptocurrency exchange FTX. The lawsuit was filed after investors alleged they suffered financial losses tied to Astrals NFTs, a collection of 10,000 digital collectibles promoted by O’Neal. Plaintiffs argued that his celebrity endorsement heavily influenced their
Three-time Grammy Award winner Megan Thee Stallion is suing YouTuber and social media personality Milagro Gramz, alleging cyberbullying and false claims surrounding the high-profile shooting case involving Megan and rapper Tory Lanez. According to Billboard, the lawsuit, filed by Megan’s legal team on Wednesday, accuses Gramz of being a “mouthpiece and puppet” for Lanez. Megan’s legal counsel, the firm Quinn Emanuel, is demanding an end to what they call a “campaign of harassment.” Accusations of Spreading Misinformation and Invasion of Privacy According to the lawsuit, Gramz, whose real name is
Megan Garcia has filed a lawsuit against Character.AI following the death of her 14-year-old son, Sewell Setzer III. Sewell, an Orlando, Florida, teen, reportedly grew attached to a chatbot he named “Dany,” modeled after Daenerys Targaryen from Game of Thrones. Garcia alleges that her son’s obsessive use of the chatbot, coupled with the app’s addictive design, contributed to his mental health struggles, ultimately leading to his suicide. AI Chatbot “Daenerys” Became Son’s Closest Confidant Character.AI, an interactive chatbot platform, lets users design or select lifelike personas with which to communicate.
SoLo Funds, a Los Angeles-based fintech startup, is facing a class action lawsuit filed on October 16, accusing the company of “unlawful and deceptive” lending practices. As first reported by Bloomberg, the lawsuit alleges that SoLo misled users by disguising hidden fees as “tips” to lenders and “donations” to the company. While these fees are technically optional, the suit claims they are difficult to avoid, making loans more expensive than advertised. Deceptive Lending Practices Alleged in Lawsuit SoLo Funds allows users to request small loans, up to $575, which are
