Investors who were parties to the 2022 claim may be closer to legal proceedings against celebrities that were promoted by the token Ethereummax (EMAX) after the recent decision of Judge California.

In Wednesday’s assembly at the US District Court for Central District of California, judge Michael Fitzgerald granted The application authorizing collective lawsuits submitted in four US states for continuation, but rejected the application for a nationwide class against EMAX promoters. The order will allow you to continue the matters that Emax bought, who bought Emax in the period from May 2021 and June 2021.

“The plaintiffs have shown that the proposed state classes are in accordance with the requirements of federal regulations of civil proceedings,” he reads Wednesday’s application. “However, the risk of improper application of the non -substantive law of California and Florida is simply too high in relation to the proposed national class, as well as the risk that individualized questions are not possible to joint evidence at the trial.”

The decision will allow civil action at the state level against the celebrities Kim Kardashian, boxer Floyd Mayweather and the former NBA star Paul Pierce, of whom all promoted token, as well as people and entities involved in its creation, including Emax Holdings, Emax Giovanni Perone and accused Emax “consultant, recruiter, recruiter, recruiter, recruiter and recruitment, recruiter, recruiter, recruiter Spoksman ”Jon. Kardashian promoted token in its history on Instagram, potentially reaching 200 million people in 2021.

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Return to 2021, and what led to the claim of EMAX

Ethereummax, whose white book describes this as a “token of culture”, raised the attention of many in the cryptocurrency industry in 2021. After the support of some celebrities from the A list, including Kardashian. Many claimed that the project was a “pump and dump” program after the price increased by over 116,000% per week, and then dropped by more than 99%, leaving many investors holding the bag.

Although Fitzgerald initially rejected the collective lawsuit in December 2022, stating that at a time when the buyer of the token were to be careful before investing, he left the door to renovate. They made about seven months later, in the same district, to supervise the same judge.

Separately Kardashian reached a settlement of $ 1.2 million with the American Securities and Exchange Commission in October 2022 for the lack of disclosure of PLN 250,000 in order to promote EMAX.

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