Kuban and the Mavericks lawsuit dismissed by court, Voyager Digital controversy becomes the focus again

robot
Abstract generation in progress

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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)