Voyager filed for Chapter 11 protection July 5, saying it was experiencing a run due to plummeting crypto values.
The special committee investigation is underway in concert with inquiries from the official committee of unsecured creditors appointed in the case, and those parties are looking into any potential causes of action the Voyager estate may have against insiders of the company, especially those that could arise from historical transactions taken by Voyager, the objection said. The suit includes claims of fraud by the defendants as well as claims for violations of federal securities laws and consumer protection laws, according to the objection. Robertson is the lead plaintiff in a potential class action currently pending in a Florida federal court that names as defendants billionaire investor and Dallas Mavericks owner Mark Cuban and Voyager CEO and co-founder Stephen Ehrlich. In the objection, claimant Pierce Robertson said the plan documents lack the most basic information required of a disclosure statement including a liquidation analysis, a description of pending litigation and the results of an investigation into prepetition conduct of the debtor undertaken by a special committee of its board.Īs a result, the debtors should not be authorized to waste estate resources soliciting a plan until this court is comfortable that the proposed releases are more likely than not confirmable over the objection of a dissenting creditor," Robertson said in the objection. objected late Wednesday to the Chapter 11 plan disclosures of the debtor, saying the plan and related documents are mere placeholders that provide no meaningful information to creditors. 11 Plan Docs 'Placeholders'Ī claimant of cryptocurrency investment platform Voyager Digital Holdings Inc.
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