Big3 faces lawsuit over NFTs amid public offering plans
Yahoo Sports • 1 min read • Latest: Jul 7, 2026, 2:35 PM
Last updated Jul 7, 2026
Ice Cube's Big3 basketball league is embroiled in a lawsuit regarding its NFT offerings, filed by Lou and Sally Sheward. The class action claims the league misled buyers about the ownership rights of the NFTs, which initially promised benefits tied to team ownership. The league is preparing to go public through a SPAC merger valued at $290 million. In response, Big3 describes the lawsuit as a 'classic nuisance suit' and aims to compel arbitration for NFT owners. A hearing is set for August 24 to address the arbitration request.
- •Big3 faces a class action lawsuit over NFT ownership rights.
- •The league plans to go public via a SPAC merger valued at $290 million.
- •NFT buyers allege they were misled about investment benefits.
- •Big3 labels the lawsuit as a nuisance and seeks arbitration.
- •A hearing on the arbitration issue is scheduled for August 24.
- 2:35 PMYahoo Sports — Big3 Fighting Suit Over NFTs Amid Plans to Take League Public
"A Big3 representative says the case is a “classic nuisance suit.”
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