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NBA star Shaquille O’Neal served with summons in FTX case

NBA star Shaquille O’Neal served with summons in FTX case

A four-time NBA champion and entrepreneur Shaquille O’Neal has been served with a summons by Moskowitz, the firm pursuing a class-action on behalf of investors who suffered in FTX’s collapse. The Block reports.

Lawyers said that, for the past three months, they had tried unsuccessfully to serve the former basketball player with a summons. In response, the lawyers asked the judge to permit notification of O’Neal via Twitter, Instagram and email, but were denied.

“We represent thousands of FTX victims who lost their savings as a result of widespread fraud. We have been outside your TNT studio in Atlanta all week, but your guards are not letting us deliver the summons,” according to Moskowitz.

On Sunday, April 16, lawyers managed to deliver the document to O’Neal near his home in Atlanta. They claim the delivery was filmed.

“Now Mr. O’Neal is obliged to appear in federal court and explain to millions of followers his false FTX advertising campaign: I Am All In,” said attorney Adam Moskowitz.

Lawyers noted that O’Neal remained the last among a group of celebrities being pursued for advertising FTX. Among them are former basketball player Stephen Curry, star NFL Tom Brady, comedian Larry David and Japanese tennis player Naomi Osaka.

“Many people think I was involved, but I was just a paid spokesperson,” O’Neal said in a CNBC interview in December 2022.

In April 2023, the FTT token surged by 90% after proposals for the revival of the Bitcoin exchange to trade claims. In July, FTX’s lawyers will present to the bankruptcy court a plan to reorganize the platform.

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