Shaquille O’Neal Reaches Class Settlement in FTX Litigation (2)

Shaquille O’Neal and people who say they lost money in the collapse of FTX have reached a classwide settlement, according to a federal court filing Wednesday.

The amount of the proposed deal isn’t public yet, the parties told the US District Court for the Southern District of Florida. The terms will be revealed when the investors formally ask the court for preliminary approval of the accord, the parties say.

The retired National Basketball Association star-turned-businessman is among numerous sports figures and celebrities sued as promoters for allegedly enabling the cryptocurrency exchange to engage in fraud.

Investors who bought crypto assets ...