The U.S. federal court recently issued a ruling on the case involving Mark Cuban and the Dallas Mavericks. According to reports, Judge Roy K. Altman of the Southern District of Florida Federal District Court has fully dismissed a class-action lawsuit against Cuban and the Mavericks.
The lawsuit centered on investors claiming that Cuban made false statements about the bankrupt crypto lending platform Voyager Digital. According to the prosecution, Cuban made misleading remarks multiple times to promote the platform on the eve of Voyager Digital’s official bankruptcy filing in 2022, allegedly deceiving investors into depositing funds.
The lawsuit was filed under multiple state securities laws and consumer protection laws. Cuban’s legal representatives at Brown Rudnick vigorously defended against the allegations. The court’s decision on December 30th marks the official dismissal of the entire case, meaning the claims failed to gain support in the judicial process.
This ruling concludes the legal dispute sparked by Voyager Digital’s collapse and once again brings the failure of this once-important crypto lending platform into the public eye.
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Kuban and the Mavericks lawsuit dismissed by court, Voyager Digital controversy becomes the focus again
The U.S. federal court recently issued a ruling on the case involving Mark Cuban and the Dallas Mavericks. According to reports, Judge Roy K. Altman of the Southern District of Florida Federal District Court has fully dismissed a class-action lawsuit against Cuban and the Mavericks.
The lawsuit centered on investors claiming that Cuban made false statements about the bankrupt crypto lending platform Voyager Digital. According to the prosecution, Cuban made misleading remarks multiple times to promote the platform on the eve of Voyager Digital’s official bankruptcy filing in 2022, allegedly deceiving investors into depositing funds.
The lawsuit was filed under multiple state securities laws and consumer protection laws. Cuban’s legal representatives at Brown Rudnick vigorously defended against the allegations. The court’s decision on December 30th marks the official dismissal of the entire case, meaning the claims failed to gain support in the judicial process.
This ruling concludes the legal dispute sparked by Voyager Digital’s collapse and once again brings the failure of this once-important crypto lending platform into the public eye.