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Shaquille O’Neal Reportedly Reaches $11M Settlement In NFT Class Action Lawsuit

An end may be near for a lawsuit involving Shaquille O’Neal. As AFROTECH™ previously reported, O’Neal was named in a class action lawsuit filed against the Astrals Project in a Florida federal court in 2023. He was one of the founders of the project, along with music manager Brian Bayati and O’Neal’s son Myles O’Neal. “Plaintiffs in the billion $ FTX class action case just served @SHAQ outside his house,” the Moskowitz Law Firm shared on X at the time. “His home video cameras recorded our service, and we made it very clear that he is not to destroy or erase any of these security tapes because they must be preserved for our lawsuit.” The Astrals Project initially launched the “Shaq Signature Pass,” marketed as the “first consumable NFT of its kind,” per The Hollywood Reporter. It claimed the signing technology had “wide-ranging applications.” In total, Astrals included 10,000 NFT (non-fungible token) 3D avatars and a DAO (decentralized autonomous organization) intended for...

Nov 19, 2024

Dame Dash's Roc-A-Fella Share Has Been Bought By The State Of New York

Dame Dash’s Roc-A-Fella share is no longer up for sale. As previously reported by AFROTECH™, Dame Dash was hit with an $800,000 judgment stemming from a copyright infringement and defamation lawsuit. Soon after, it was announced that his Roc-A-Fella share, valued at $1.2 million, would be put up for auction to cover his debt. The auction generated buzz as the share included partial ownership of Jay-Z’s debut album, “Reasonable Doubt,” and its associated songs. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. The auction attracted attention from artists, including Drake and, unsurprisingly, Jay-Z, who allegedly made public claims that he would obtain...

Nov 18, 2024

After Ties Were Severed, Ye And Adidas Have Reached A Settlement

After a period of separation, Kanye West and adidas have reached an agreement settling all legal disputes. As previously reported by AFROTECH™ , Ye’s partnership with the retailer began back in 2013. According to The New York Times, he secured one of the most lucrative deals ever for a non-athlete. By 2016, the rapper signed a new contract that significantly boosted earnings for the Yeezy brand. That same year, West shared that his shoes were selling out within minutes, moving 40,000 pairs at a time, Forbes notes . The partnership ultimately generated $2 billion in annual revenue for adidas by 2022, according to The Washington Post. Bloomberg reported that Yeezy made up half of adidas’ total profits before they went their separate ways, highlighting the partnership’s success. This achievement helped West reach unicorn status, though he lost it after ties were severed following his antisemitic comments in 2022. “ Adidas does not tolerate antisemitism or any form of hate speech. Ye’s...

Oct 31, 2024

Beyoncé Files A Motion To Secure A Trademark For Her Daughter, Blue Ivy Carter

Beyoncé is seeking to gain the trademark of her firstborn. Back in 2012, Beyoncé’ had made an effort to secure the trademark through BGK Trademark Holdings LLC. Jay-Z shared his thoughts on the matter in a conversation with Vanity Fair in 2013. “People wanted to make products based on our child’s name, and you don’t want anybody trying to benefit off your baby’s name. It wasn’t for us to do anything; as you see, we haven’t done anything,” Jay-Z told the outlet. “First of all, it’s a child, and it bothers me when there’s no [boundaries]. I come from the streets, and even in the most atrocious sh-t we were doing, we had lines: no kids, no mothers — there was respect there. But [now] there’s no boundaries. For somebody to say, ‘This person had a kid — I’m gonna make a f-ckin’ stroller with that kid’s name.’ It’s, like, where’s the humanity?” In the years that followed, Beyoncé and her team had ongoing issues with a lifestyle event planner, Veronica Morales, as she used Blue Ivy in her...

Oct 29, 2024

Justice Department Sues Rocket Mortgage For Alleged Discrimination Following Its Low Appraisal Of A Black Homeowner’s Property By Over $200K

The Department of Justice has launched a lawsuit over alleged discriminatory practices related to the appraisal of a Black homeowner’s property and the cancellation of her mortgage refinance application. Filed Monday, Oct. 21, in U.S. District Court in Colorado, the lawsuit accuses Rocket Mortgage , Solidifi U.S. Inc., Maverick Appraisal Group Inc., and Maksym Mykhailyna of actions that violate the federal Fair Housing Act. “This lawsuit is part of our ongoing efforts to bring an end to appraisal bias which prevent Black communities and other consumers of color from accessing credit and benefitting from homeownership,” Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division said in a statement . “Appraisal bias exacerbates the racial wealth gap, and runs contrary to the principles of fairness, transparency and equity that we need in our housing market today,” she added. “The Justice Department will continue to hold appraisers, lenders and others...

Oct 25, 2024

 A Mother Takes Legal Action Against Character.AI, Claims It Led To Her 14-Year-Old Son's Suicide

A teen has passed away following ongoing interaction with an artificial intelligence (AI) chatbot. The New York Times reports that Sewell Setzer III developed an attachment to a chatbot from Character.AI named Dany, inspired by the “Game of Thrones” character Daenerys Targaryen. The 14-year-old would engage in countless conversations with it, developing an interest that fluctuated between platonic and romantic. He sent dozens of messages and began to disassociate from his real-life passions and responsibilities, per the outlet, losing enjoyment in playing “Fortnite” with his friends and in Formula 1 racing . Instead, he would spend hours in his room conversing with Dany. At school, his grades began to drop, and he started getting into trouble. “I like staying in my room so much because I start to detach from this ‘reality,’ and I also feel more at peace, more connected with Dany and much more in love with her, and just happier,” Sewell wrote in his journal, according to the outlet....

Oct 24, 2024

Judge Remains Neutral In Dispute Over Jay-Z's Rights To 'Reasonable Doubt' Ahead Of Dame Dash's Pending Sale Of Roc-A-Fella Records Shares

At this moment in time, a judge is washing his hands of a decision involving Jay-Z and Dame Dash’s shares. As AFROTECH™ previously mentioned, Dame Dash is soon having his shares in Roc-A-Fella Records sold at auction following an $800,000 judgement from a copyright infringement and defamation of character lawsuit. The auction has been gaining significant attention as the buyer and new stakeholder would have the rights to Jay-Z’s debut album, “Reasonable Doubt.” Even Drake reportedly showed interest in purchasing the shares through a direct message, Dame Dash had said. “Based on feedback I have received from interested parties (and I can’t mention names), this auction will likely bring out many household names in the sports and entertainment industries as well as those interested in a piece of a historically significant company, which holds an interest in a timeless debut album,” Dame Dash’s attorney Natraj Bhushan explained to Billboard at the time. Jay-Z’s attorney’s has since...

Oct 4, 2024

President Joe Biden's Student Loan Forgiveness Plan That Would Impact Millions Has Been Delayed Again

There has been a quick turn of events that will impact millions of borrowers. As AFROTECH™ previously reported, President Joe Biden’s student loan forgiveness plan was given the green light to be put into action on Oct. 2, 2024, by U.S. District Judge Randall Hall, who represents the Southern District of Georgia. NBC News reports the plan had been under a temporary restraining order that was a result of a lawsuit against Biden and Education Secretary Miguel Cardona. It was brought forward by the states of Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio. Hall was willing to allow the temporary restraining order to expire, and this was based on his belief that the Southern District of Georgia order “failed to show an injury that is concrete, particularized, actual, or imminent.” “Without standing, the Court finds it proper to dismiss Georgia as a party to the suit for lack of subject matter jurisdiction and turns to Defendants’ arguments related to venue,” he...

Oct 4, 2024

Michael Jordan Sues NASCAR Over Its Revenue-Sharing Model

Michael Jordan is moving forward with a lawsuit demanding better outcomes from NASCAR. As AFROTECH™ previously reported, Jordan became an owner of a NASCAR team, 23XI Racing, in September 2020 . According to NBC Sports, Jordan’s team — also owned by driver Denny Hamlin — operates under NASCAR’s charter system, which demands its 36 charter teams compete in all events. For their participation they are granted incentives such as payments, but this is contingent upon the team’s presence, performance in that event as well as over the course of the most recent three seasons, and the season-ending points fund. Despite the listed incentives, teams are not fairing well under the current structure, per AP News. In fact one team, Furniture Row Motorsports, was led to sell its charter for $6 million just a year after becoming the Cup Series winner in 2017 because it could not make a profit. Despite concerns, 13 organizations moved forward to sign NASCAR’s 100-page renewal contract on the...

Oct 3, 2024

TikTok Still Risks Facing US Ban As Congress Pushes ByteDance To Sell Over National Security Concerns

TikTok may be hindering its own future as it faces significant challenges that could lead to a ban in the United States . According to Fortune, a recent court hearing highlighted the app’s legal battle against a law requiring the China-based platform to be sold to a non-Chinese entity by Jan. 19, 2025, or risk being banned in America. The U.S. government’s worries center on the possibility of the Chinese government influencing content and accessing user data. During the hearings on Sept. 16, 2024, at the U.S. Court of Appeals, TikTok’s lawyers reasserted that such a sale would be impractical and infringed on the U.S. right to free speech . As AFROTECH™ previously reported, t he Protecting Americans from Foreign Adversary Controlled Applications Act — which TikTok is the subject of — is advancing in Congress, which could enforce parent company ByteDance’s sale of the app and restrict TikTok’s operations further in the U.S. A modified version of the bill, which was proposed to “...

Sep 23, 2024

Meet Brandon Middleton-Pratt, A Wilson Sonsini Partner And Champion For Underrepresented Founders

Brandon J. Middleton-Pratt is lending his law expertise to the tech ecosystem. He currently serves as a partner at Wilson Sonsini Goodrich & Rosati and is a board member at DivInc, a nonprofit that empowers underrepresented founders. His trajectory was not a linear one. He initially pursued a finance and marketing degree at the University of Denver while playing on its basketball team, he says. Upon obtaining his bachelor’s in 2003, he decided to move to Los Angeles, CA, to pursue a career in entertainment instead. Though that did not pan out for long, he made appearances in the films “Coach Carter”, “Rebound,” and “The Longest Yard.” The pivots of life would then lead Middleton-Pratt to play basketball overseas in Spain and Cyprus after receiving an offer from a sports agent. He then experienced a crossroads, which would determine if he would return to Los Angeles. A call from a mentor with an opportunity in the energy field finally brought him back to the states. “A mentor of mine...

Sep 17, 2024

'This is a WIN,' Fearless Fund Says As It 'Strategically' Avoids A Supreme Court Ruling

Fearless Fund is claiming victory following a settlement that dissolved one of its grant programs. What Happened As AFROTECH™ previously reported, Fearless Fund had been in a legal battle with legal activist Edward Blum and his American Alliance for Equal Rights group over the firm’s Strivers Grant program — a Blum-led group had earlier challenged race-based affirmative action policies and won in the Supreme Court. The grant program, backed by JPMorgan Chase & Co. and Mastercard, supported Black-owned women businesses with $20,000 in funding, per information shared by “CBS Mornings.” The lawsuit, filed August 2023 in the U.S. District Court in Atlanta, GA, argued it was in violation of the Civil Rights Act of 1866 to launch a grant program “open only to Black females,” labeling the move as “explicit racial exclusion.” As a result, several rulings and appeals have been issued. First, the grant program was permitted to continue operating under U.S. District Judge Thomas W. Thrash on...

Sep 13, 2024

CEO Arian Simone Announces Dismissal Of Lawsuit That Prevented Fearless Fund’s Support For Black Women Entrepreneurs

The lawsuit preventing Fearless Fund from allocating funding to Black women entrepreneurs has been settled. As AFROTECH™ previously reported, Fearless Fund, currently led by founding partner Arian Simone, was sued by legal activist Edward Blum and his American Alliance for Equal Rights group. In the lawsuit, filed in the U.S. District Court in Atlanta, GA, in August 2023, the investment firm had been accused of “explicit racial exclusion” for creating a grant program that was “open only to Black females,” with the lawsuit alleging that it went against the Civil Rights Act of 1866. Blum and the group flagged Fearless Fund’s efforts of providing $20,000 in grants and mentorship directed to Black women due to a violation of “race neutrality,” The Washington Post reports. Initially, U.S. District Judge Thomas W. Thrash was in favor of the Fearless Fund, which at the time had been guided by Simone and COO Ayana Parsons, who later stepped down from her role in April 2024. View this post...

Sep 11, 2024

Mother Of Faizon Brandon, A High School Quarterback And Top-Ranked Recruit, Files Lawsuit Over North Carolina's NIL Restrictions

Rolanda Brandon has filed a lawsuit due to North Carolina’s NIL restrictions. She is the mother of Faizon Brandon, a quarterback at Grimsley High School and the nationa’s top-ranked recruit in the 2026 class, according to ABC11. The high school player intends to play for the University of Tennessee upon graduating in the fall of 2025, which he affirmed through a verbal commitment, per CBS Sports. The journey toward higher learning is often met with great excitement for athletes and name, image, and likeness (NIL) deals have further energized the sports arena for both college and some high school students. However, this may not have been the case for Faizon. The Athletic Narrative states that while high school students can engage in NIL deals, the eligibility is subject to state laws and the specific rules of their schools or sports teams. Rolanda is now suing the state of North Carolina due to the barriers around NIL deals, The Charlotte Observer reports. This has prevented Faizon...

Aug 28, 2024

Sony Music Group's $600M Deal With Michael Jackson's Estate Approved By Court

Sony’s agreement with Michael Jackson’s estate will remain intact despite pushback. As AFROTECH™ previously mentioned, Sony Music Group reportedly closed a sale related to the late “Rock With You” singer’s legendary catalog, which encompassed half of his publishing and recorded masters catalog. In total, the assets were worth between $1.2 billion and $1.5 billion. Sony Music Group reportedly paid at least $600 million in the deal to claim its portion of the stake in Michael’s assets. However, there was allegedly some pushback surrounding the deal from his mother, Katherine Jackson. Billboard reports that she attempted to stop the deal. This was because his executors, John Branca and John McClain, had appeared to privately go to Judge Mitchell Beckloff to get the green light for the deal. Katherine argued that it would “violate Michael’s wishes” and that the catalog’s valuation would still rise if the estate maintained its ownership. Beckloff turned down the notion in April 2023 and...

Aug 23, 2024