Selena Gomez’s legal team has pushed back against a fraud lawsuit from investors in her mental health startup Wondermind, calling the allegations ‘completely meritless’ and pledging to seek dismissal.
In a statement provided to People, Rosengart said: “The allegations that Selena Gomez engaged in any way whatsoever in any purported ‘fraud’ or other wrongdoing are completely meritless, both factually and legally. We will vigorously defend these false allegations and indeed are filing a motion to dismiss the baseless claims against her.”
The lawsuit, filed Thursday, was brought by Wondermind SRS 44 LLC and Bespoke Wondermind SPV LLC. It names Gomez, Mandy Teefey, and Daniella Pierson as defendants, accusing them of falsely representing the mental health startup’s leadership and partnerships.
According to the complaint, Wondermind was co-founded by the trio in November 2021. The company was pitched as a mental fitness and tools venture, with an app promised alongside major advertising deals, celebrity photo shoots, and cover stories. Gomez was portrayed as a key marketing figure, while Pierson was described as a “$200 million executive” with a “full slate of revenue-generating initiatives.”
The complaint states: “The partnerships did not exist. The initiatives never materialized. The app was never built. And for three years, while the company quietly collapsed around them, not one of its founders, officers or directors said a word to the investors whose money was funding the collapse.”
The investors allege securities fraud, common-law fraud, and breach of contract. They are seeking rescission of the investment contract and damages.
Pierson’s representative, in a response to USA Today on Thursday, said she “welcomes the opportunity to present concrete documentation and financial records that establish the facts,” denying the accusations and asserting Pierson is an investor. The rep added: “To be clear, she has never used investor funds for personal expenses. Quite the opposite: Daniella invested her own money into the business and did not draw a salary from the company.”
The legal fight is just beginning, with Gomez’s team preparing a motion to dismiss and Pierson’s camp vowing to produce financial records. The court will ultimately decide whether the investors’ claims hold up.
