Shaquille ONeal Setuju Bayar $11 Juta dalam Penyelesaian Kasus NFT Astrals
Shaquille O’Neal to Pay $11M in Final Settlement Over Astrals NFT Lawsuit https://cryptonews.com/news/shaquille-oneal-to-pay-11m-in-final-settlement-over-astrals-nft-lawsuit/

Former NBA Legend Shaquille O'Neal to Pay $11 Mln in Final Settlement Over Astrals NFT Lawsuit

Former NBA legend Shaquille O'Neal has agreed to pay $11 million to resolve a class-action lawsuit tied to his involvement in the Solana-based Astrals NFT project. A Florida federal judge, Federico Moreno, approved the final settlement on April 1, with the order made public on April 8.

The settlement establishes an $11 million fund for eligible investors who purchased Astrals NFTs between May 2022 and January 15, 2024, or acquired the project's GLXY tokens during that period. The court also approved $2.9 million in attorney fees and associated costs, ruling the fee request was "fair and reasonable" with no objections from the plaintiffs.

The lawsuit, initially filed in May 2023, alleged that Shaquille O'Neal had promoted and helped launch the Astrals NFT collection, which plaintiffs argued amounted to the unregistered sale of securities. They claimed to have suffered financial losses due to O'Neal's promotional efforts.