What investors say went wrong at Selena Gomezs mental health startup Wondermind

Image for article What investors say went wrong at Selena Gomezs mental health startup Wondermind
News Source : Business Insider

News Summary

  • A federal lawsuit accuses Selena Gomez, her cofounders, and Wondermind of defrauding investors.
  • The investors include Brent Saunders, the CEO of Bausch + Lomb and former CEO of Allergan, and entrepreneur and real-estate investor Marc Roberts.
  • Gomez launched the startup in 2021 alongside her mother, Mandy Teefey, and Daniella Pierson, a business partner.
  • A lawyer representing Gomez told People that the allegations against her were "completely meritless"
Wondermind investors named Selena Gomez in a federal lawsuit filed on Thursday.

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