Overview

• A federal judge dismissed 12 of 14 claims against celebrities and influencers who promoted FTX, citing insufficient evidence of their knowledge of fraud.
• The lawsuit, filed by FTX investors, accused high-profile figures of endorsing the exchange without disclosing multimillion-dollar payments.
• Claims under Florida and Oklahoma securities laws were preserved, focusing on allegations of promoting unregistered securities.
• Defendants include Tom Brady, Stephen Curry, Naomi Osaka, Larry David, and the Golden State Warriors, among others.
• The ruling allows plaintiffs to amend their complaint and proceed with discovery on the surviving state-law claims.