Selena Gomez, her mother Mandy Teefey and former business partner Daniella Pierson are facing a lawsuit from investors who allege they were misled into investing over USD 1 million in Wondermind Global. The investors accuse the founders of making false claims about the company’s operations and concealing financial and management problems before seeking damages.
Washington: Selena Gomez and her mother, Mandy Teefey, are facing a lawsuit from two companies that allege they were misled into investing more than USD 1 million in Wondermind Global, a mental health company that the investors claim was already struggling behind the scenes.
According to the lawsuit obtained by TMZ, Wondermind SRS 44 LLC and Bespoke Wondermind LLC are suing Wondermind Global, Gomez, Teefey and former business partner Daniella Pierson. The companies allege that Gomez and Teefey made false representations about the company's infrastructure, leadership and resources needed to launch a profitable platform.
The investors claim they committed more than USD 1 million after Gomez promoted the business through television appearances and interviews.
They allege that Gomez presented herself as heavily involved in the company but did little after their investment was made.
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