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Investor Dispute

All articles tagged with #investor dispute

business-and-law1 month ago•1 min saved

Gomez’s Legal Team Demits Dismissal in Wondermind Fraud Suit

Selena Gomez’s legal team has filed a motion in Delaware federal court to dismiss a fraud lawsuit alleging she defrauded investors of nearly $1.2 million in the mental health startup Wondermind. Her attorney, Mathew Rosengart, described the claims as 'absurd' and 'frivolous,' arguing Gomez was never a board member or manager of the company. While the lawsuit names her mother, Mandy Teefey, and co-founder Daniella Pierson, Gomez’s team asserts she only held a consultant title. The dispute highlights risks in family-run celebrity brands, though experts suggest the case may not cause lasting reputational damage to the star.

via BBC|

#business-and-law #fraud-lawsuit #investor-dispute

business2 months ago•6 min saved

Gomez's Legal Team Vows to Dismiss Fraud Suit Over Wondermind Collapse

Selena Gomez’s legal team is moving to dismiss a federal fraud lawsuit filed by investors in her mental health startup, Wondermind. The suit, filed in Delaware, alleges that Gomez, her mother Mandy Teefey, and former co-CEO Daniella Pierson defrauded investors of approximately $1.2 million by falsely promising a viable business, including an app and celebrity partnerships, that never materialized. While Gomez’s attorney calls the claims meritless, the complaint details years of alleged misrepresentations regarding the company’s infrastructure and leadership, leading to a total operational collapse.

via A.V. Club|

#business #fraud-lawsuit #investor-dispute

entertainment1 year ago•3 min saved

Broadway's 'Cabaret' Closes Early Amid Billy Porter's Illness

An investor in the Broadway revival of 'Cabaret' is suing the show's producers, claiming he has not received any returns despite the show grossing over $90 million, and alleges financial mismanagement and lack of transparency. The producers deny the claims, stating the show is not in a financial position to distribute profits and have offered to review records with the investor. The production is closing early due to declining grosses and cast changes.

via Deadline|

#broadway #cabaret #entertainment