Investors Fight Kevin Hart's Bid To Nix Crypto Scam Suit
By Reenat Sinay (April 24, 2020, 7:56 PM EDT) -- Investors asked a Georgia federal judge to keep actor and comedian Kevin Hart on the hook for allegedly duping them into buying now-worthless digital tokens via his social media posts, arguing Friday that Hart helped an entertainment executive violate state securities laws.
In their opposition to Hart's bid for judgment on the claims, the token buyers said that Hart's Twitter and Facebook posts helped "pump" up the value of the so-called FLiK tokens marketed by executive Ryan Felton, who "depended on" celebrity endorsements to "elevate the standing" of FLiK, a purported entertainment company advertised as a funder of creative projects....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!