Crypto class action against Mark Cuban and Dallas Mavericks dismissed
The Block
A class action lawsuit against Mark Cuban and the Dallas Mavericks regarding Voyager Digital was dismissed by a federal judge.Summary
A cryptocurrency class action lawsuit accusing Mark Cuban and the Dallas Mavericks of defrauding investors by promoting the now-bankrupt crypto lender Voyager Digital has been dismissed in its entirety by U.S. District Court Judge Roy K. Altman in the Southern District of Florida. The lawsuit alleged that Cuban misrepresented Voyager multiple times before the company filed for Chapter 11 bankruptcy protection in 2022. Cuban and the Mavericks' legal team expressed satisfaction with the ruling, noting that the plaintiffs have no recourse to refile the case in that court. Voyager Digital filed for bankruptcy amid a broader market downturn triggered by the collapse of the Terra blockchain.
(Source：The Block)