Investors have filed a lawsuit against Selena Gomez and her mother over their mental health startup Wondermind. The plaintiffs say they invested nearly $1.2 million in the company, but it failed to deliver on its commitments without informing investors. The lawsuit alleges that Gomez failed to market the startup after promising to do so.
Selena Gomez Sued Over Mental Health Startup Wondermind
UKPulse Health DeskInvestors have filed a lawsuit against Selena Gomez and her mother, alleging securities fraud and breach of contract related to their mental health startup Wondermind.
- Investors claim they invested nearly $1.2 million in Wondermind, but the startup failed to deliver on its commitments.
- The lawsuit alleges that Gomez failed to market the startup after promising to do so.
- Wondermind launched in 2021 and aimed to offer daily mental health resources to users.
Why this matters: This lawsuit highlights concerns over the transparency and accountability of celebrity-backed startups.
What this means for you: If you invested in Wondermind, you may want to seek advice from a financial advisor to understand your options.