Voyager Investors Appeal Ruling Dismissing Lawsuit Against Mark Cuban
According to The Block, Voyager Digital investors filed an appeal on Tuesday with the U.S. Court of Appeals for the Eleventh Circuit, seeking review of a ruling issued on December 30, 2025, by Florida federal judge Altman. That ruling dismissed claims against “Shark Tank” investor Mark Cuban and the Dallas Mavericks, citing plaintiffs’ failure to demonstrate sufficient connection between the lawsuit and Cuba’s residence in Florida. The appeal also challenges the judge’s May 27, 2024, denial of a motion to reconsider the case. The lawsuit was originally filed in 2022, accusing Cuban and other celebrities of promoting unregistered securities on the Voyager platform prior to its collapse. Previously, other defendants—including Rob Gronkowski—reached a $2.4 million settlement with investors in 2024, leaving Cuban and the Dallas Mavericks as the sole remaining defendants. Voyager filed for bankruptcy protection in July 2022 after a bank run triggered by Three Arrows Capital’s default on a $650 million loan.
