Florida Court Partially Dismisses Shaquille O'Neal's Astrals NFT Lawsuit

Aug 19, 2024, 10:37 AM

A Florida court has partially dismissed a class action lawsuit against basketball legend Shaquille O'Neal concerning his involvement with the Astrals NFT project. The court dismissed control-related claims but upheld allegations that O'Neal promoted unregistered securities through Astrals NFTs. This legal decision means that O'Neal must continue to defend himself against accusations related to the promotion of these NFTs, which allegedly involved unregistered securities.