California Judge Denies Motion to Dismiss Kim Kardashian EMAX Crypto Scam Case, Allowing Proceedings to Move Forward

A California judge has ruled that a class-action lawsuit against Kim Kardashian, Floyd Mayweather Jr., and Paul Pierce can proceed.

The lawsuit alleges that the celebrities promoted the EthereumMax (EMAX) cryptocurrency without disclosing that they were being paid to do so.

In his ruling, Judge Michael Fitzgerald said that the plaintiffs had sufficiently alleged that Kardashian, Mayweather, and Pierce made false or misleading statements about EMAX. He also said that the plaintiffs had sufficiently alleged that the celebrities’ actions caused them to lose money.

The lawsuit was filed in January 2022 by investors who lost money when the price of EMAX crashed. The investors allege that Kardashian, Mayweather, and Pierce were involved in a pump-and-dump scheme, in which they artificially inflated the price of EMAX by promoting it to their followers.

The celebrities have denied any wrongdoing. Kardashian’s attorney has said that she was not aware that EMAX was a cryptocurrency when she promoted it. Mayweather’s attorney has said that his client’s statements about EMAX were protected by the First Amendment.

The case is now set to go to trial. The plaintiffs are seeking damages of $100 million.

The ruling by Judge Fitzgerald is a setback for Kardashian, Mayweather, and Pierce. It is also a reminder to celebrities that they could face legal liability if they promote cryptocurrencies without disclosing that they are being paid to do so.