Rob Gronkowski, Victor Oladipo, and Landon Cassill have agreed to settle with plaintiffs in their ongoing case against Voyager Digital.
Three high-profile American sports personalities have agreed to collectively pay $2.42 million to settle allegations that they helped promote the failed cryptocurrency exchange Voyager Digital.NBA player Victor Oladipo will pay $500,000 and NASCAR driver Landon Cassill will pay $25,000. All three sports stars have agreed to the settlements without admitting to or denying any of the accusations.
The proposed settlement includes all U.S. individuals who enrolled in a Voyager Earn Program Account or purchased VGX tokens from October 2019 to the preliminary approval date. In addition to approving the $2.4 million settlement, plaintiffs also plan to ask for an award of attorney fees of roughly $792,000.in 2021, became a Voyager partner, “brand ambassador,” shareholder, and VGX tokenholder in September 2021, according to a press release at the time.Investor’s legal representative Adam Moskowitz said the settlements are largely due to the athletes, “who really wanted to help their fans.
“Gronk had a sincere empathy for all of his fans, even though he lost money with Voyager as well. It is no surprise he continues to be such a trusted and respected spokesperson,” heThe settlements were negotiated through mediation aiming to resolve two key issues — whether the Voyager products were unregistered securities and whether the promoters solicited investors.
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