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Voyager Sues to Block ‘Ponzi’ Claims Against CEO, Mark Cuban

Aug. 23, 2022, 6:55 PM

Voyager Digital Holdings Inc. filed a bankruptcy court lawsuit to block a proposed class action that accuses its CEO Stephen Ehrlich and Dallas Mavericks’ owner Mark Cuban of deceptively promoting the cryptocurrency brokerage, saying its Chapter 11 proceedings bar litigation.

The proposed class action, filed by a group of Voyager users, added Cuban and the Mavericks as defendants “to gain media attention,” Voyager said in its complaint filed with the US Bankruptcy Court for the Southern District of New York on Monday.

Voyager urged the bankruptcy court to issue an injunction or extend the scope of its Chapter 11 protections ...