A federal judge has dismissed a lawsuit filed against billionaire entrepreneur Mark Cuban and his NBA team, the Dallas Mavericks, ahead of New Year's Day.
The class-action lawsuit was filed by now-bankrupt crypto firm Voyager Digital investors over their partnership with the Dallas Mavericks.
In a Dec. 30 filing from the United States District Court for the Southern District of Florida, Judge Roy Altman granted a motion to dismiss the complaint, citing that the plaintiffs "failed to establish personal jurisdiction" over Cuban and the Mavericks.
Related: Mark Cuban's Dallas Mavericks Partner With Voyager Crypto Broker
Plaintiffs failed to show Florida ties
The lawsuit, originally filed in August 2022, accused Cuban and the Mavericks of engaging in "false representations and other deceptive conduct" tied to a 2021 marketing deal with Voyager Digital.
The five-year partnership aimed to promote the exchange through the Mavericks' fan base, which plaintiffs claimed misled retail investors about the risks of crypto products.
Altman found that the plaintiffs did not demonstrate that Cuban or the Mavericks "carried on a business or business venture in Florida," despite the billionaire's known visits to Miami Beach or his property ownership there.
The ruling also said the investors failed to show that Florida residents were directly targeted in Voyager promotions.
"Invoking conspiracy jurisdiction here might make more sense if this suit were against Voyager," wrote Altman. "But it's not. Cuban and the Mavericks are our sole defendants. And the Plaintiffs don't argue that Voyager is the relevant co-conspirator here."
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Voyager Digital filed for bankruptcy protection in July 2022 following liquidity issues triggered by the broader crypto market crash.
In October 2023, the Federal Trade Commission permanently barred the company from handling consumers' assets. It also filed a lawsuit against its former CEO, Stephen Ehrlich, over allegations that he falsely claimed customer accounts were insured by the Federal Deposit Insurance Corporation (FDIC) and were "safe," even as Voyager was nearing bankruptcy. The complaint also named Ehrlich's wife, Francine Ehrlich, as a relief defendant.
Related: Bankruptcy scandals exposed centralized crypto risks, says Aly Madhavji
This story was originally published by TheStreet on Jan 1, 2026, where it first appeared in the Bankruptcy News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
