Voyager Digital Settles Class-Action Lawsuit Over Celebrity Endorsements

IconCryptoNewsTerminal Staff11 Jun, 2024

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Voyager Digital Settles Class-Action Lawsuit Over Celebrity Endorsements

In a recent development, a Florida court has granted preliminary approval to a $2.4 million settlement to resolve a class-action lawsuit against Voyager Digital over celebrity endorsements. The lawsuit, filed by Voyager Digital users, alleged that NFL star Robert Gronkowski, NBA star Victor Oladipo, and NASCAR driver Landon Cassill promoted Voyager Digital without disclosing that they were paid to do so. The lawsuit claimed that these celebrities' failure to disclose their paid endorsements violated federal securities laws. The settlement calls for the payment of $2.4 million to resolve the lawsuit and avoid further legal proceedings.