Selena Gomez’s legal representation responded to a lawsuit filed by investors in Wondermind, a mental health startup the actress co-founded with her mother Mandy Teefey and former business partner Daniella Pierson. Attorney Mathew S. Rosengart issued a statement characterizing the fraud allegations as baseless and indicating the defense intends to seek dismissal of the case.
The lawsuit, filed on Thursday by Wondermind SRS 44 LLC and Bespoke Wondermind SPV LLC, names Gomez, Teefey, and Pierson as defendants and alleges they misrepresented the company’s leadership structure and business partnerships to investors. According to the complaint, Wondermind was established in November 2021 with a stated focus on mental fitness practices and digital tools. Investors were told the venture would launch a mobile application and benefit from substantial advertising partnerships, celebrity collaborations, and media coverage, the suit claims.
The complaint asserts that Gomez was promoted as central to the company’s marketing efforts and that Pierson was presented to investors as a highly accomplished executive with significant revenue-generating capabilities. The lawsuit states that the promised partnerships never materialized, the planned application was never developed, and investors were not informed as the company encountered difficulties.
The defendants face allegations of securities fraud, common-law fraud, and breach of contract. The legal action seeks contract rescission and monetary damages. Pierson’s representative responded separately, stating she welcomes the opportunity to provide documentation supporting her account and denying wrongdoing. The spokesperson noted that Pierson has not used investor funds for personal purposes and instead invested her own capital in the business while receiving no salary from the company.
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