One federal judge narrowed, but stopped by a lawsuit by investors seeking to hold celebrities such as Tom Brady stars, Stephen Curry and Look Ohtani responsible for promoting the collapse of Cryptocurrency Exchange FTX.
Investors said the defendants ignored “red flags” and hid millions of dollars payments to promote FTX as “branded ambassadors” as part of a civil plot with the exchange of Sam Bankman-free to deceive them to become clients.
In a 49 -page ruling Wednesday, US District Judge K. Michael Moore in Miami rejected 12 of the 14 claims, saying investors did not prove that the famous FTX was a scam, and simply receiving payments did not create a plot.
He said investors could try to prove that the defendants violated the law in Florida by helping FTX sell unregistered securities, seeing credible that FTX “needed influence” to sell its products. A request under Oklahoma law also survived.
Other defendants include sports stars David Ortiz and Naomi Osaka, supermodel Gisele Bundchen, comedian Larry David, businessman and TV personality Kevin O’leary, and Golden State Warriors basketball team.
Lawyers for the defendants did not respond immediately to requests for comment on Thursday.
Adam Moskowitz, a lawyer for investors, called the decision a victory because the law in Florida allows a strict responsibility, which means that the defendants did not have to know that FTX was a scam.
He said he plans to file a changed complaint with additional defendants, including Major League Baseball and Racing Formula 1. Sports Stars Shaquille O’Neal and Trevor Lawrence were previously set.
FTX filed for bankruptcy protection in November 2022. Bankman is appealing his sentence for fraud and a 25-year prison sentence.
Last October, FTX won the court’s approval for its bankruptcy plan, which would allow her to pay the clients completely.
The case is at the re -ftx Cryptocurrency Exchange Collapse Collaps, the US District Court, the southern District of Florida, no. 23-MD-03076.
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