Mar 11, 2023

Judge Mulls Dismissal of O’Neal, Osaka from FTX Lawsuit

A U.S. District Judge in Florida is deliberating whether to dismiss former NBA superstar Shaquille O’Neal and tennis athlete Naomi Osaka from the FTX lawsuit, as it remains unclear if the two have been served. Judge Kevin Moore issued a paperless order giving the plaintiffs until December to provide cause as to why O’Neal and Osaka should not be dismissed from the suit.

In a separate order, Judge Moore reprimanded other celebrity defendants for attempting to delay a scheduled conference without following the proper steps. Defendants including Tom Brady, Gisele Bündchen, Kevin O’Leary, David Ortiz and Trevor Lawrence had asked for a time extension, but the judge noted that the request should have come from the plaintiff’s side. Judge Moore said: “The court ordered plaintiff, not the defendants, to move for an extension of time to hold the scheduling conference.” As a result, the conference will proceed as scheduled, or the plaintiff may move for an extension of time to hold the conference.

Amid the increasing number of cases against FTX, some plaintiffs requested the consolidation of lawsuits against the bankrupt exchange. However, U.S. District Judge Jacqueline Corley recently denied the request to consolidate five proposed class-action suits against FTX, citing that the defendants have yet to be allowed to respond.

On the same day, lawyers representing former FTX CEO Sam Bankman-Fried noted that it may be necessary to push back the criminal trial scheduled to start in October 2023. The lawyers are still waiting for evidence to be turned over, and Bankman-Fried accumulated more charges in February.

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Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.