Q: Hi everyone, I recently purchased an sNFT through the platform Opulous, which promised a percentage of music royalties
Hi everyone,
I recently purchased an sNFT through the platform Opulous, which promised a percentage of music royalties from an album by the artist Kyle. Unfortunately, Opulous later canceled the sNFT, claiming it wasn’t profitable, but Kyle still received the money I invested.
This situation has caused me significant emotional stress and anxiety, as I had high hopes for this investment. I’m not a U.S. citizen, but I want to know if I can file a lawsuit against Kyle in Los Angeles to recover my investment, along with damages for the emotional distress this has caused me.
Do I have any legal grounds to pursue this case? What challenges might I face as a non-citizen? Should I also consider taking action against Opulous?
Any advice or guidance on how to proceed would be greatly appreciated!
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A:
You may have potential grounds to pursue legal action, but there are several challenges to consider. Filing a lawsuit in Los Angeles, especially as a non-citizen, could be complex and costly. Jurisdictional issues might arise, and you would need to prove that the court in Los Angeles has the authority to hear your case. Additionally, claiming damages for emotional distress in contract-related cases can be difficult unless there's clear evidence of extreme or intentional misconduct.
You might also consider taking action against Opulous, as they were the platform facilitating the transaction. Depending on the terms of your purchase and their cancellation policy, they could be held responsible for the return of your investment. However, navigating legal action across borders and against companies might require careful planning and the assistance of legal professionals with expertise in this area.
Before proceeding, it’s important to weigh the potential costs and outcomes of legal action. Seeking advice on whether this investment falls under securities law or consumer protection law could also be valuable. Exploring alternative dispute resolution options like mediation could be a less adversarial way to resolve the issue.
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