Selena Gomez’s Attorney Calls Investor Fraud Lawsuit Allegations ‘Meritless’
Her legal team is filing a motion to dismiss recent claims against Gomez involving Wondermind, the star's mental health startup.
According to Selena Gomez's attorney, Mathew S. Rosengart, allegations that the star defrauded investors in her mental health startup Wondermind are "baseless." The lawsuit, filed on August 13 by five investors seeking the return of their $1.2 million investment and additional damages, accuses Gardner, her mother Mandy Teefey, and former executive Danielle Pierson of misleading investors about the company's potential and financial stability.
Rosengart plans to file a motion to dismiss the claims. The plaintiffs claim they were led to invest in Wondermind in 2022 under the impression that Gomez would actively manage the company's marketing efforts, generate $40 million annually, and secure partnerships with financial institutions and celebrities. However, the lawsuit alleges that these representations were false, and the investors only discovered "the sheer magnitude of the fraud" when a The Cut exposé revealed the company's dire financial situation and lack of a viable future plan.
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