Los Angeles, California - Selena Gomez and her team have given a statement about the lawsuit filed against Wondermind, the mental health company she shares with her mother.

The federal case filed on Thursday alleges that Selena and her mom, Mandy Teefey – as well as former chief executive Daniella Pierson – defrauded investors of around $1.2 million by making false claims about the leadership, infrastructure, and business skills at Wondermind.

The Wondermind company was founded in 2021, billing itself as a way to make mental health resources more accessible to those struggling with such conditions.

Selena's lawyer, Mathew S. Rosengart, recently gave People an official statement on behalf of the Only Murders in the Building star.

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"The allegations that Selena Gomez engaged in any way whatsoever in any purported 'fraud' or other wrongdoing are completely meritless, both factually and legally," Rosengart said.

"We will vigorously defend these false allegations and indeed are filing a motion to dismiss the baseless claims against her."

The lawsuit claims that a promised app, celebrity profiles, and ad deals all fell through.

It also alleges that Selena signed a contract promising she would be "actively building the company as its head of marketing," adding that she supposedly "ignored" this duty in the time since.