In recent updates, a trio of high-profile athletes from the US decided to jointly pay $2.42 million to resolve their part in publicizing the collapsed crypto exchange Voyager Digital.
Rob “Gronk” Gronkowski, a retired NFL standout, NBA pro Victor Oladipo, and Landon Cassill from NASCAR have concluded settlements while neither admitting fault nor refuting the claims.
TLDR
- Rob Gronkowski, Victor Oladipo, and Landon Cassill manage to strike a $2.42 million deal to settle claims about endorsing the defunct exchange Voyager Digital.
- Gronkowski will cover the majority by paying $1.9 million, leaving Oladipo with a $500,000 share and Cassill to settle with $25,000.
- The settlement targets U.S. participants who signed up for a Voyager Earn Program Account or invested in VGX tokens between October 2019 and the decided date for preliminary approval.
- Beyond the $2.4 million settlement, the plaintiffs are aiming for court approval of attorney fees nearing $792,000.
- The lead in the class action suit is taken by Dallas Mavericks minority stakeholder Mark Cuban, with Gronkowski and other Voyager endorsers listed in 2023.
Gronkowski shoulders the largest part of the settlement at $1.9 million, having become a Voyager associate, ambassador, shareholder, and VGX token owner in September 2021.
His genuine concern for his supporters, even after personal losses with Voyager, is highlighted as a reason behind his decision to settle the issue.
Oladipo and Cassill Also Contribute
Victor Oladipo, the NBA All-Star, has also consented to a $500,000 settlement, while NASCAR’s Landon Cassill adds $25,000 to the resolution. The cumulative settlement of $2.42 million provides a reprieve to U.S. individuals engaged in the Voyager Earn Program or VGX token trading from October 2019 to the approval date.
Attorney Fees and Settlement Scope
Alongside the $2.4 million agreement, the plaintiffs intend to pursue $792,000 in attorney fees. The mediated settlement sought to address whether Voyager assets were unregistered securities and scrutinize the extent of promoters’ roles in investor solicitation.
Mark Cuban Remains a Defendant
While Gronkowski, Oladipo, and Cassill have reached settlements, Mark Cuban, a minority owner of Dallas Mavericks, remains the primary defendant. He was slated for deposition in February as he prepares for his legal defense, with the trial lined up for November 2024.
