• Billionaire entrepreneur and Shark Tank star Mark Cuban will face deposition in Dallas over whether he promoted the bankrupt-stricken Voyager Digital.
• US magistrate judge Lisette M. Reid denied Cuban’s motion to divide the questioning into two sessions and mandated that his whole deposition occur on Feb. 2 in Dallas.
• Two staffers of Dallas Mavericks, a professional basketball team owned by Cuban, will also give depositions before Feb. 23 as part of the defense.
Mark Cuban, the billionaire entrepreneur and star of the popular television show Shark Tank, is set to face a deposition in Dallas over allegations that he was promoting the bankrupt-stricken cryptocurrency company Voyager Digital. The US magistrate judge Lisette M. Reid has denied Cuban’s motion to divide the questioning into two sessions, mandating that his whole deposition occur on Feb. 2 in Dallas.
The deposition is part of a lawsuit filed on behalf of hundreds of affected Voyager investors who are looking to find proof of what happened and fully comprehend how much Cuban and his Dallas Mavericks team were engaged in the offering of securities and how much he stood to gain. The plaintiffs‘ questioning will cover „problems of standing, claimed false representations included in the lawsuit, and questions about the Voyager accounts maintained by the plaintiffs,“ according to Cuban’s attorneys.
In addition to Cuban’s deposition, two staffers of the Dallas Mavericks, the professional basketball team owned by Cuban, will also be giving their own depositions before Feb. 23 as part of the defense. Furthermore, the judge announced that depositions for the three plaintiffs in the case — Pierce Robertson, Rachel Gold, and Sanford Gold — will occur before the month’s end.
The deposition is crucial for Cuban to clear his name and protect his reputation in light of the serious allegations. Cuban has denied all claims of wrongdoing, stating that he has never been involved in any questionable activities. However, his deposition is necessary for the plaintiffs to prove their case and for the court to decide if Cuban is indeed innocent or guilty.
The outcome of the deposition could have serious implications for Cuban’s reputation and career. Regardless of the outcome, it’s clear that he will have to answer some tough questions during the deposition in order to protect himself from any potential legal repercussions.