Shaquille O’Neal signed an $11 million settlement in exchange for dismissing a class-action lawsuit.
Former NBA star player and sports commentator Shaquille O’Neal has agreed to a class action settlement fund for Astrals non-fungible token (NFT) investors. The NBA legend also resolved claims in a separate FTX lawsuit and is awaiting court approval.
On May 23, O’Neal was served with the Astral NFT lawsuit during an NBA game at the Kaseya Center, formerly the FTX Arena. The class-action lawsuit involved the celebrity’s promotion of the Astrals NFT project.
On Aug. 16, a Miami federal court judge recognized that the plaintiffs properly alleged that the former NBA player was a seller of the NFTs. This meant that the sports commentator needed to answer for this.
