What's going on with Selena Gomez? Besides being a constant presence in Hulu's Only Murders in the Building, the actor-singer is being sued for fraud.
Several investors have filed a lawsuit against Gomez alleging fraud. The claim is that these investors believe they were misled about the success of her company, Wondermind, and about Gomez's actual involvement in it.
Gomez, who has been open about her own mental health journey, was listed as co-founder, chief impact officer, and head of marketing at Wondermind when it launched in 2021. The goal of the media platform was to give users "easy, doable ways to put your mental fitness first every day."
Gomez's mother, Mandy Teefey, is also being sued, as is Daniella Pierson, the co-CEO and former business partner. They are being sued for multiple claims, including securities fraud, common-law fraud, and breach of contract. Pierson is also accused of conversion and unjust enrichment, which are essentially the civil-law equivalents of plain old theft. The plaintiffs will need to prove each of these claims to recover their investments and obtain damages and legal fees.
Securities fraud and common-law fraud are similar claims alleging that the defendant lied to the plaintiff, causing the plaintiff to lose money. In this case, the investors will have to prove that they lost money after Gomez, Teefey, and Pierson intentionally misrepresented or omitted key information to obtain funding.
#pierson #investors #teefey #alleging
Several investors have filed a lawsuit against Gomez alleging fraud. The claim is that these investors believe they were misled about the success of her company, Wondermind, and about Gomez's actual involvement in it.
Gomez, who has been open about her own mental health journey, was listed as co-founder, chief impact officer, and head of marketing at Wondermind when it launched in 2021. The goal of the media platform was to give users "easy, doable ways to put your mental fitness first every day."
Gomez's mother, Mandy Teefey, is also being sued, as is Daniella Pierson, the co-CEO and former business partner. They are being sued for multiple claims, including securities fraud, common-law fraud, and breach of contract. Pierson is also accused of conversion and unjust enrichment, which are essentially the civil-law equivalents of plain old theft. The plaintiffs will need to prove each of these claims to recover their investments and obtain damages and legal fees.
Securities fraud and common-law fraud are similar claims alleging that the defendant lied to the plaintiff, causing the plaintiff to lose money. In this case, the investors will have to prove that they lost money after Gomez, Teefey, and Pierson intentionally misrepresented or omitted key information to obtain funding.
#pierson #investors #teefey #alleging
3 months ago
