3 months ago
2 mins read
NBA is being sued for its connection to crypto lender Voyager Digital
The National Basketball Association (NBA) is the target of a lawsuit brought by a group of investors who allege the league’s marketing connection with crypto lender Voyager Digital. Plaintiffs in the proposed class-action lawsuit, which was filed in a Miami District Court, claim that the NBA’s approval of Voyager’s advertising arrangement with the Dallas Mavericks amounted to gross negligence and caused losses of over $4.2 billion. According to the case, Voyager Digital’s unregistered securities were promoted by the NBA, a promotional partner that served as a “gatekeeper” and should be held responsible for causing investors’ losses. The plaintiffs further assert