Selena Gomez Calls Wondermind Investor Fraud Lawsuit 'Completely Meritless' as She Moves to Dismiss
Selena Gomez's attorney has called the fraud allegations in a lawsuit brought by Wondermind investors "completely meritless, both factually and legally," and confirmed that Gomez is filing a motion to dismiss the claims against her. Rolling Stone
The statement from attorney Mathew S. Rosengart, provided to Rolling Stone and first reported by People on 15 August 2026, responds to a federal lawsuit filed by two investment entities — Wondermind SRS 44, LLC and Bespoke Wondermind SPV 1, LLC — who say they put nearly $1.2 million into Wondermind Global Inc. and were misled about the company's infrastructure, leadership, and resources.
Gomez co-founded Wondermind with her mother, Mandy Teefey, and former business partner Daniella Pierson. The mental health startup launched in 2021 to help users strengthen what it called their "mental fitness," and claimed a valuation of $95 million, according to the Los Angeles Times. Reuters confirmed the 2021 launch.
The lawsuit, first reported on 13 August 2026 by TMZ and Rolling Stone, alleges securities fraud, common law fraud, and breach of contract against Gomez, Teefey, Pierson, and Wondermind. The plaintiffs are seeking rescission of their investments — a legal remedy that would unwind the deals and return the money — as well as damages and costs.
According to reporting cited by KTLA from the New York Times, Gomez, Teefey, and Pierson controlled roughly 90% of Wondermind's shares, and Gomez's celebrity profile was presented to investors as a factor that could help the company reach a higher valuation. NBC News and Forbes confirmed the case was filed in federal court.
The complaint singles out Pierson in one count of securities fraud, accusing her of making "misstatements or omissions" to investors. She is also charged with conversion — the unlawful use of someone else's property — and unjust enrichment. A representative for Pierson denied the allegations, stating she has never used investor funds for personal expenses. Vulture reported that investors accused Gomez and Teefey of falsely representing they could successfully run the company.
Rosengart, a high-profile attorney whose past clients include Britney Spears, did not address the specific claims in detail in his statement. His response focused on Gomez's position: that the allegations lack legal and factual basis and should be thrown out.
No court has ruled on the merits of any claim. The allegations remain unproven, and the defendants deny wrongdoing. A motion to dismiss is an early-stage challenge arguing that even if the plaintiffs' facts are accepted, the legal claims fail — it does not resolve disputed facts but tests whether the suit can proceed at all.
