Voyager Digital Chapter 11 Bankruptcy Denied? Class Action Lawsuit Against Crypto Exchange CEO

34 sec read

According to a cryptocurrency buyer who is suing Voyager Digital Holdings Inc. over its marketing, a bankruptcy court should deny the broker’s Chapter 11 disclosures because they lack “the most basic information.”

Voyager’s August disclosure statement —which must be approved before creditors can vote on the proposed plan—lacks proper financial analysis and creditor payout information, the platform user, Pierce Robertson, said Wednesday in a filing in the US Bankruptcy Court for the Southern District of New York.

Robertson is the lead plaintiff in a proposed class action against CEO Stephen Ehrlich, as well as the Dallas Mavericks and its owner.

Whether the chapter 11 plan will be denied is still open and we will be updating here as more information unfolds.

In the meantime, read more about Voaygers hearing here: //

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