Selena Gomez’s Attorney Calls Investor Fraud Lawsuit Allegations ‘Meritless’

Accusations that Selena Gomez duped investors into putting $1.2 million into mental health startup Wondermind are baseless, the star’s lawyer, Mathew S.

Rosengart, says after Gomez was named in a lawsuit filed Thursday (Aug.

13).

Rosengart will be filing a motion to dismiss claims made in the suit.

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15), the litigator denied allegations made against Gomez in the statement seen below, which was first published by People .

Billboard independently verified the statement with Rosengart.

“The allegations that Selena Gomez engaged in any way whatsoever in any purported ‘fraud’ or other wrongdoing are completely meritless, both factually and legally.

We will vigorously defend these false allegations and indeed are filing a motion to dismiss the baseless claims against her,” Rosengart said.

The lawsuit was filed on behalf of a group of five investors — Brent Saunders, Marc Roberts, EJ Solimine, Andrew Resnick and Mark Peikin — who are seeking the return of the money they invested in Wondermind, as well as additional financial damages for alleged wrongdoing by leadership at the company, which they say “quietly collapsed around them” while “not one of its founders, officers, or directors said a word to the investors.” The group claims that Gomez, Mandy Teefey (Gomez’s mother) and Danielle Pierson (former executive), who co-founded the mental health-focused company in 2021, led them to inves in the company in 2022.

Wondermind was envisioned as a suite of mental health media initiatives, including a digital magazine, a mobile app and a podcast.

The plaintiffs allege they were promised Gomez would be actively involved as Wondermind’s head of marketing, leveraging her huge fanbase and social media following to promote companity initiatives.