Federal Securities Law Claims Dismissed Against Celebrities In ICO Suit

Mealey's (May 15, 2019, 11:52 AM EDT) -- MIAMI — A federal judge in Florida on May 13 ruled that investors have failed to sufficiently show that celebrities Floyd Mayweather and Khaled Mohamed Khaled, also known as DJ Khaled, “successfully solicited” investors to purchasers tokens in an initial coin offering (ICO) through social media posts in violation of federal securities law (Jacob Zowie Thomas Rensel, et al. v. Centra Tech Inc., et al., No. 17-24500, S.D. Fla., 2019 U.S. Dist. LEXIS 79855)....