Selena Gomez and her mother, Mandy Teefey, are facing a lawsuit from two companies that allege they were misled into investing more than USD 1 million in Wondermind Global, a mental health company that the investors claim was already struggling behind the scenes.
According to the lawsuit, Wondermind SRS 44 LLC and Bespoke Wondermind LLC are suing Wondermind Global, Gomez, Teefey and former business partner Daniella Pierson.
The companies allege that Gomez and Teefey made false representations about the company's infrastructure, leadership and resources needed to launch a profitable platform.
The investors claim they committed more than USD 1 million after Gomez promoted the business through television appearances and interviews.
They allege that Gomez presented herself as heavily involved in the company but did little after their investment was made.
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As per reports, the lawsuit also accuses Pierson of making false representations about her previous business successes and the returns investors could expect. The companies allege that they received no warning about the company's deteriorating condition.
The lawsuit states, "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 say they became aware of Wondermind's problems only after a media report in September 2025 described the company as being in a "state of utter disarray."
According to the lawsuit, the article detailed allegations involving Teefey's alleged substance abuse disorder and management of the company, as well as Gomez's alleged "abject dereliction of her duties to the company" and efforts to distance herself from Wondermind amid personal difficulties involving her mother.
Teefey denied the substance abuse allegations and claims that the company was in disarray.
The lawsuit alleges that when investors confronted Teefey about the claims in the article, she blamed Pierson, who had already left the company.
The companies are suing for securities fraud and seeking unspecified damages, including the return of their investments and additional damages.
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