Selena Gomez, her mother Mandy Teefey and Wondermind co-founder Daniella Pierson are facing a federal lawsuit filed Thursday. The suit comes from two investment firms, Wondermind SRS 44 LLC and Bespoke Wondermind SPV LLC. It accuses the group of securities fraud, common law fraud and breach of contract.
Gomez’s attorney, Mathew S. Rosengart, responded to the lawsuit in a statement to People on Saturday. He said the accusations against Gomez have no basis in fact or law. Rosengart added that her team plans to fight the case and will file a motion to dismiss it.
Mandy Teefey also denied the claims in a separate statement to The New York Times. Daniella Pierson issued her own denial as well, rejecting the allegations entirely.
What investors are claiming
The plaintiffs say they put close to $1.2 million into Wondermind. They claim they were misled about the company’s leadership, partnerships and overall direction. According to the lawsuit, Gomez signed an agreement to actively build the company as its head of marketing. The suit claims she never followed through on that role.
Investors also allege that promised partnerships with Fidelity and J.P. Morgan never existed. Other plans, including a mobile app, celebrity cover stories and advertising deals, reportedly fell apart as well. The lawsuit states that the company slowly collapsed over three years while its founders stayed silent about it.
Investors say they only learned about the company’s struggles after a 2025 report by The Cut. That report detailed problems at Wondermind, including employees not getting paid on time. The plaintiffs are now asking the court to return their investment and cover damages and legal costs.
Background on Wondermind
Gomez, Teefey and Pierson launched Wondermind together in November 2021. The company was built around mental health resources, including articles, tools and community support. It positioned itself as a space where people could work through everyday struggles.
Tension inside the company surfaced before this lawsuit. A Forbes report from August 2025 said Pierson left Wondermind after friction with Teefey. A spokesperson for Pierson responded to that report at the time, saying her departure was a difficult decision rather than a forced exit. That same report noted Pierson was proud of what the founders had built during her time there.