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NBA star Shaquille O’Neal finally gets served FTX-linked lawsuit, ending a 3-month chase, lawyers say

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Shaquille O'NealShaquille O’Neal at his annual festival, which was sponsored by FTX in 2022.

Mark Von Holden/Invision/AP

  • NBA legend Shaq O’Neal has finally been served papers for an FTX-linked lawsuit, lawyers said. 
  • The serving ends a three-month chase of the former basketball player who was allegedly “evading” lawyers. 
  • O’Neal has been named in a lawsuit which alleges that celebrities endorsed FTX without doing their due diligence. 

NBA star Shaquille O’Neal has finally been served papers in an FTX-related lawsuit, ending a three-month chase where the former basketball player allegedly kept evading lawyers.

“Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house. His home video cameras recorded our service and we made it very clear that he is not to destroy or erase any of these security tapes, because they must be preserved for our lawsuit,” The Moskowitz Law Firm said in a tweet on Sunday. 

Lawyers had claimed they were trying to reach Shaq, who fell silent after the FTX debacle, only to be barred access to him by security guards. “You have been running from us for months & all other FTX celebrities have agreed to receive their complaints,” they wrote last week. 

Shaq is one of many defendants in a class-action lawsuit that was filed in November shortly after FTX, a cryptocurrency exchange platform, imploded. The suit alleges that celebrity endorsers failed to do their due diligence before promoting FTX products to the general public. 

Other celebrities including Tom Brady, Gisele Bündchen, Stephen Curry, and Larry David have also been hit by the lawsuit. 

Shaq has previously starred in an FTX commercial, and even hosted a music festival, Shaq’s Fun House, that was sponsored by the disgraced exchange. He’s tried to defending himself, saying he was never involved in FTX, and was merely a paid spokesperson. 

FTX has so far recovered $7.3 billion and may relaunch its business during the second quarter of 2024.

Read the original article on Business Insider