A class-action lawsuit has been filed against Caitlyn Jenner by a group of memecoin investors, accusing her of selling an unregistered security. Naeem Azad and Mihai Caluseru, from the UK and Romania, filed the complaint in a California federal court, claiming financial losses due to buying the JENNER token on Ethereum and Solana. The lawsuit alleges that Jenner and her manager, Sophia Hutchins, misled investors and failed to register the token with the SEC. The token's value has plummeted since its launch, with trading volumes hitting rock bottom. Investors claim Jenner abandoned the project, causing irrecoverable losses. Allegations include Jenner relaunching the token on Ethereum without disclosing a transaction tax, promising buybacks that never happened, and enriching herself at investors' expense. The lawsuit accuses Jenner of securities fraud and seeks accountability for her actions. Read more AI-generated news on: https://app.chaingpt.org/news

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