A Miami judge didn’t dismiss a claim that basketball legend Shaquille O’Neal was a “seller” of Astrals NFTs and found they could be securities under US law.
Former pro basketball player Shaquille O’Neal will need to defend some of the claims brought against him in the Astral non-fungible token (NFT) class-action lawsuit.
The lawsuit, which has been ongoing for over a year, names O’Neal as a defendant. It alleges that the NFTs are unregistered securities that O’Neal once promoted online.
In an Aug. 16 order on O’Neal’s motion to dismiss, Miami federal court judge Federico Moreno judged the plaintiffs properly alleged that O’Neal was a “seller” of the Astrals NFT project, meaning O’Neal will need to answer for that.
