Ethereummax investors secure a partial victory in the collective suit star-news.press/wp

Investors who were parties in a lawsuit in 2022 may be closer to pursuing legal procedures against celebrities who promoted Ethereummax (EMAX) code after a recent decision by a judge in California.

On Wednesday, the California Central Province Court, Judge Michael Fitzgerald Granted A proposal that allows the semester case submitted in four American states to move forward, but it rejected the country’s category request against EMAX promoters. This will allow cases that include investors who bought EMAX between May 2021 and June 202 to continue in New York, California, Florida and New Jersey.

“Prosecutors have proven that the proposed state categories are compatible with the requirements of the federal rules of civil procedures,” and he reads on Wednesday. “However, the risk of application is not appropriate for the law of the law in the state of California and Florida is very simply high regarding the proposed national class, as well as the risk of individual questions that are not subject to joint evidence in the trial.”

The decision will allow civil state at the state level against celebrities Kim Kardashian, the boxer Floyd Mayweather and the former American Professional League star Paul Peres, all of whom promoted the distinguished symbol, as well as individuals and entities involved in its establishment, including Emax Holdings, the founder of Emax Giovanni Perone and EMAX, and employment, Spokesman. Kardashian promoted the distinctive code on Instagram story, which may reach up to 200 million people, in 2021.

Related to: SEC, a rulings

Reward until 2021, and what led to an emax suit

Ethereummax, whose white paper describes as a “cultural symbol”, has the attention of many in the encryption industry in 2021 after approvals from some celebrities in the A list A, including Kardashian. Many claimed that the project was a “pump and discharge” scheme after the price increased in more than 116,000 % per week, then more than 99 % fell, leaving many investors carrying the bag.

Although Fitzgerland initially rejected the collective lawsuit in December 2022, saying at the time that it is expected that the buyer of the distinguished symbol is to have due care before investing, he left the door open to them for recycling. After about seven months, they did, in the same boycott, to be supervised by the judge himself.

Separately, Kardashian reached a $ 1.2 million settlement with the US Securities and Exchange Committee in October 2022 for failing to unveil a batch of $ 250,000 to boost EMAX.

magazine: How can the ETHEREUM Treasury “Defi Summer 2.0” excite