U.S. District Court for the Southern District of Florida in Miami. Photo: Michael A. Mora/ALMMiami Judge Approves Shaq's $11 Million Settlement to Resolve Astrals Investor Claims
U.S. Senior District Judge Frederico A. Moreno has scheduled a final approval hearing for April 1.
January 14, 2025 at 07:22 PM
3 minute read
What You Need to Know
- A Miami federal judge approved an $11 million settlement created by basketball star Shaquille O'Neal for injured investors in the Astrals Project nonfungible tokens and GLXY tokens, which he promoted.
- Adam Moskowitz, an attorney representing the plaintiffs, said that "it is the first reported case interpreting securities laws to today’s crypto promotion claims."
- A final approval hearing has been set for April 1.
A Miami federal judge entered an order on Tuesday granting preliminary approval to an $11 million settlement that basketball legend Shaquille O'Neal has agreed to create for injured investors in the Astrals Project nonfungible tokens and GLXY tokens.
Adam Moskowitz, the managing partner at the Moskowitz Law Firm in Coconut Grove, Florida, is the lead attorney for the certified class of investors in the lawsuit against the defendants, O'Neal, Astrals LLC and the company's various subsidiaries. Moskowitz is joined by his partner Joseph M. Kaye and Jose M. Ferrer and Desiree Fernandez of Mark Migdal Hayden in Miami.
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