Mars Finance News: According to Cryptonews, NBA star Shaquille O'Neal has agreed to pay $11 million to resolve a class-action lawsuit related to his involvement in the Astrals Non-Fungible Token project based on Solana. On April 1st, Federal Judge Federico Moreno in Florida approved the final settlement agreement, which was made public on April 8th. The settlement establishes an $11 million fund for eligible investors who purchased Astrals Non-Fungible Tokens or acquired GLXY tokens between May 2022 and January 15, 2024. The lawsuit, initially filed in May 2023, accused Shaquille O'Neal of promoting and helping launch the Astrals Non-Fungible Token series, with plaintiffs claiming this amounted to an unregistered securities sale. They alleged financial losses due to O'Neal's promotional activities.
NBA star O'Neal will pay $11 million to reach final settlement in Astrals NFT lawsuit
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