Summary
- A U.S. court reportedly fully dismissed a class action that alleged promotion of crypto lending firm Voyager Digital.
- The ruling reportedly brings the controversy over the legal liability of Mark Cuban and the Dallas Mavericks to a close.
- It said that claims of violations of state securities laws and consumer fraud prevention laws related to investor losses were not accepted.
A U.S. court dismissed a class action lawsuit that alleged promotion of crypto lending firm Voyager Digital caused investor losses.
On the 31st (local time), according to crypto-focused media Cointelegraph, a U.S. federal court fully dismissed the class action filed against pro-crypto billionaire Mark Cuban and NBA team the Dallas Mavericks.
The lawsuit alleged that Cuban and the Mavericks caused investor losses while promoting Voyager Digital and that they violated state securities laws and consumer fraud prevention laws.
Cuban's legal team said, "The plaintiffs' claims of violations of state securities law and consumer protection law were not accepted by the court," and "the court dismissed the lawsuit in its entirety."
With this ruling, the controversy over legal responsibility brought against celebrities and sports teams in connection with Voyager Digital's bankruptcy appears to be coming to a close.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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