Shaquille O’Neal Finally Served after evading FTX lawsuit for 3 months

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Key takeaways:

  • Shaquille O’Neal, a member of the Basketball Hall of Fame, has finally been served in a class action case involving prominent FTX endorsers.
  • O’Neal is one of many prominent athletes and celebrities who are being sued for endorsing the defunct cryptocurrency exchange FTX. 

Shaquille O’Neal has received notice by attorneys representing a class action lawsuit launched by FTX consumers against FTX, its operators, and promoters after he eluded them for three months.

O’Neal is one of more than a dozen athletes and celebrities who are being sued for endorsing the defunct cryptocurrency exchange FTX. He had once been so supportive of FTX that the company gave him the nickname “Shaqtoshi,” a play on Satoshi Nakamoto, the person who is thought to have penned the Bitcoin white paper.

In the lawsuit brought last November in a Florida federal district court, O’Neal was included as a defendant with other well-known endorsers including Tom Brady and Larry David.

In order to offer a sense of liquidity, the lawsuit claims that FTX shifted client cash across linked firms, using fresh investor funds and loans to pay interest on old ones.

“Plaintiffs in the billion dollar FTX class action case just served @SHAQ outside his house“, the Moskowitz legal firm tweeted.  “His home security cameras captured our service, and we made it very plain that he was not to delete or destroy any of them since they were to be kept for our legal case.

O’Neal must appear in federal court as part of the complaint and defend his FTX deceptive advertising campaign. His attorneys assert that his only involvement went as far as serving as a paid spokesperson for a commercial.

According to the Moskowitz law company, they personally served Shaquille O’Neal with a copy of our complaint at 4 o’clock today outside his home. They took Judge Moore’s directions extremely seriously and were relieved to put an end to this “silly sideshow.”

For three months, lawyers have been looking for O’Neal. The lawyers attempting to serve a lawsuit on Shaquille O’Neal were so driven to find him before the time limit expired that they decided to serve him via Twitter, Instagram, and email. 

The situation serves as an example of how challenging it may be to serve a celebrity, even one who frequently appears in public. According to court documents, O’Neal has residences in Florida, Georgia, Nevada, California, and the Bahamas. O’Neal is growing his Big Chicken restaurant franchise in Texas, so lawyers concentrated on his residence there. 

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Aadrika Sharma
Aadrika Sharma

I enjoy writing and try to learn new things every passing day!

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