A group of JENNER memecoin buyers sued Caitlyn Jenner, claiming she made “false and misleading statements” about the token, which they allege is an unregistered security.
A group of memecoin buyers has filed a proposed class-action lawsuit against former Olympian Caitlyn Jenner, accusing her of selling the celeb token as an unregistered security.
Naeem Azad and Mihai Caluseru, respectively citizens of the United Kingdom and Romania, filed the complaint to a California federal court on Nov. 13, alleging Jenner and her manager Sophia Hutchins “fraudulently solicited financially unsophisticated investors throughout the United States and abroad to purchase the unregistered securities.”
They claimed to have lost over $56,000 from buying JENNER on Ethereum and Solana, adding they wouldn’t have “had it not been for the false and misleading statements and omissions made by Jenner.”
