Daniel Harper, et al. v. Shaquille O'Neal, et al., No. 1:23-cv-21912-FAM (S.D. Fla. 2025)
Apr 01, 2025OUTCOME: Finally approved global class action settlement of claims Defendants offered and sold unregistered crypto-asset securities in the form of non-fungible tokens and DAO governance tokens
Appointed class counsel in a global class-wide $11,000,000 settlement of plaintiffs' securities claims, brought under the Private Securities Litigation Reform Act of 1995 against Shaquille O’Neal, Astr ... als LLC, Astrals Holding, LLC, and Astrals Operations LLC on behalf of a class of worldwide purchasers of Galaxy tokens and Astrals non-fungible tokens, which were advertised and marketed by the defendants. Plaintiffs brought claims that the defendants were sellers of these unregistered securities in violation of Sections 5 and 12(a)(1) of the Securities Act, 15 U.S.C. §§ 77e(a), 771(a)(1).
