Happy New Year, Mark Cuban: Judge dismisses lawsuit over Voyager Digital
The class-action suit, filed against Cuban and others in August 2022 shortly after Voyager filed for bankruptcy, alleged “false representations and other deceptive conduct.“
A federal judge has dismissed a lawsuit filed by former Voyager Digital investors against billionaire entrepreneur Mark Cuban over the basketball team Dallas Mavericks’ partnership with the now-bankrupt cryptocurrency exchange.
In an order filed Tuesday in the US District Court for the Southern District of Florida, Judge Roy Altman granted a motion to dismiss the case over claims that the investors “fail[ed] to establish personal jurisdiction,” among other reasons.
The class-action lawsuit, filed in August 2022 shortly after the crypto exchange filed for bankruptcy, alleged “false representations and other deceptive conduct” at the company, specifically citing the 2021 deal with the Mavericks, intended to be for five years. The plaintiffs sued Cuban, the Mavericks and others over “misrepresentations and omissions” about Voyager, which downplayed risks in crypto investments.
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