Shaquille O’Neal Settles Class Action Over Astrals, Galaxy NFTs

Shaquille O’Neal and digital asset holders who sued the basketball legend have fully settled a proposed class action over his Astrals and Galaxy nonfungible tokens’ diminished value, subject to a court’s approval, according to a mediator.

The amount of the settlement hasn’t been disclosed yet. In class actions, that’s usually laid out in a request for a court’s preliminary approval, which the parties here will ask for within seven days, mediator Howard Tescher told the the US District Court for the Southern District of Florida on Thursday.

• Judge Federico A. Moreno ruled in August that the token holders adequately alleged ...