Coinspeaker
Caitlyn Jenner Faces Lawsuit over JENNER Token
A group of investors has filed a class-action lawsuit against Caitlyn Jenner, alleging the promotion of the JENNER meme coin as an unregistered security, resulting in substantial financial losses, according to Bloomberg Law. The complaint, submitted to a California federal court on November 13, 2024, claims Jenner and manager Sophia Hutchins misled investors into buying the token without proper legal registration.
British investor Naeem Azad and Romanian investor Mihai Caluseru report losing over $56,000 by purchasing the JENNER token on Ethereum and Solana. They argue their losses stemmed from “false and misleading statements and omissions” by Jenner, which influenced their investment choices.
The suit claims Jenner “willfully failed” to register the JENNER token with the Securities and Exchange Commission (SEC), denying investors critical information needed to evaluate risks. The plaintiffs contend that p
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