Shaquille ONeal served lawsuit papers at NBA game

Shaquille ONeal served lawsuit papers at NBA game

NBA legend Shaquille O’Neal is served legal papers during a basketball game related to a class-action lawsuit over his endorsement of now-defunct crypto exchange FTX, with implications for future celebrity endorsements in the cryptocurrency industry.

In the latest development in the FTX Trading Ltd class-action lawsuit, NBA legend Shaquille O’Neal was formally served during the broadcast of a Miami Heat versus Boston Celtics game.

In a recent turn  of events, NBA legend Shaquille O’Neal has been officially served legal papers as part of a class-action lawsuit related to his endorsement of the now-defunct digital currency exchange, FTX Trading Ltd.

Legal representatives successfully served O’Neal amidst the broadcast of a Miami Heat versus Boston Celtics basketball game on Wednesday, May 24, ironically played in Miami’s Kaseya Arena, previously known as the FTX Trading Ltd Arena.

The class-action lawsuit, filed in November 2022, alleges that the “FTX: I Am All In” marketing campaign, featuring O’Neal, misleadingly influenced consumers to use FTX Trading Ltd, in the end leading to financial loss after the exchange’s collapse.

Binance.US Drops Trading Pairs After SEC Crackdown

This is not the 1st effort to serve O’Neal in the case.

Lawyers involved in the lawsuit claim a process server had previously served the previous NBA player at his Texas residence, a claim disputed by O’Neal’s legal team, arguing that the papers had been discarded on a public road.

Attempts to serve O’Neal digitally via social media and email were likewise proposed by the plaintiff’s legal team earlier this spring. Nonetheless, these attempts were rebuffed by judge K. Michael Moore overseeing the case.

Judge Moore stated that attempts to serve O’Neal through such unconventional methods were “factually unsupported and legally insufficient.”

He further elaborated that in a case of this magnitude and complexity, involving substantial costs for all parties, the court won’t be allow violations or frivolous arguments.

Cardanos Market Dip Cant Stop yPredicts $2M Presale Success

Ongoing proceedings in this case underscore the challenges of enforcing legal processes with high-profile individuals. As the lawsuit persists to unfold, it’s clear that it will have whole lot of implications for future celebrity endorsements, particularly within the digital currency domain.


Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Follow us

Latest Crypto News

Share via
Share via
Send this to a friend