Selena Gomez and her mother, Mandy Teefey, have been sued by investors who allege they were misled into putting nearly $1.2 million (£889,020) into Wondermind, the mental health company they co-founded with Daniella Pierson.
The Delaware federal lawsuit accuses Gomez, Teefey, Pierson and Wondermind Global of securities fraud, common-law fraud and breach of contract. The investors claim they were given misleading information about the company's leadership, partnerships, revenue plans and prospects before investing. The allegations have not been proven in court. The complaint names all four defendants in court.
