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- Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to a $2.4 million settlement in a lawsuit involving the failed cryptocurrency exchange, Voyager Digital Holdings Inc.
- The settlement highlights the regulatory challenges and investor protection concerns in the cryptocurrency industry.
- While the athletes are defendants in the case, the lawsuit also targets Dallas Mavericks owner Mark Cuban, alleging deception in buying unregistered securities with false promises of profits.
Three sports superstars, Rob Gronkowski, Victor Oladipo, and Landon Cassill, find themselves at the center of a legal settlement involving a failed cryptocurrency exchange, underscoring the regulatory challenges and investor protection concerns in the crypto industry.
Settlement in Voyager Lawsuit
According to court documents, the trio has collectively agreed to pay $2.4 million to settle the claims, with Gronkowski taking up the largest share of $1.9 million. The settlement, achieved without admission or denial of the allegations, covers U.S. individuals who joined Voyager Earn or bought VGX Tokens from October 23, 2019.
Empathy for Fans
Adam Moskowitz of The Moskowitz Law Firm, representing the investors, stated that the settlements primarily stem from the athletes’ desire to assist their fans. He praised Gronkowski’s empathy for his fans and expressed gratitude to U.S. District Judge Roy K. Altman for his careful oversight of the litigation.
Mark Cuban Also Targeted
While Gronkowski, Oladipo, and Cassill are defendants in the case, the lawsuit also targets Dallas Mavericks owner Mark Cuban. Investors allege deception in buying unregistered securities with false promises of profits. Related lawsuits against the NBA, McCarter & English, and Ketchum Inc. have also been merged into the main case. Voyager’s Chapter 11 filing in July 2022 has added complexity to this legal situation.
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Conclusion
The outcome of this litigation will undoubtedly shape the trajectory of cryptocurrency regulation and investor protection. As investors navigate these complexities with legal representation, the sports and cryptocurrency communities will be closely watching the developments.
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