Next month, Dallas Mavericks owner Mark Cuban is scheduled to give a statement as part of the defense against a potential class action lawsuit alleging he promoted a Ponzi scheme in the form of the now-defunct cryptocurrency lender Voyager Digital. . The lawsuit alleges that Cuban was aware of the Ponzi scheme and was unable to stop it.

Federal Judge Lisette M. Reid issued an order on January 9 denying Cuban’s motion to split the plea into two sessions. Instead, the judge ruled that Cuban’s full deposition would take place on February 2 in Dallas, Texas. Cuban appealed this decision, but the request was denied.

By February 23, two Dallas Mavericks workers will testify in a statement being taken as part of the defense.

In addition, the court ruled that the three plaintiffs in the case, Pierce Robertson, Rachel Gold and Sanford Gold, would each make a statement before the end of this month.

Lawyers for the plaintiffs expressed satisfaction in an interview Jan. 9 with the Law360 newspaper, which covers legal news, that the court has rejected Mark Cuban’s requests to suspend and postpone the discovery process.

A representative of Cuban’s legal team also spoke to Law360 and said the plaintiffs’ statement would address questions about standing, false claims that were included in the lawsuit, and inquiries about the Voyager accounts owned by the plaintiffs.

The contested complaint was filed for the first time on August 10 of this year. The plaintiffs argue that Cuban misrepresented Voyager many times before it went bankrupt, including false claims that it was cheaper than its rivals and offered “commission-free” trading services.

In addition to this, the lawsuit claims that the company sold unregistered securities and that Cuban and Stephen Ehrlich, Voyager’s CEO, used their expert knowledge to persuade uneducated investors to invest their life savings in what they now believe which is a Ponzi scheme. Cuban is also named in the lawsuit.

On July 6, Voyager filed its Chapter 11 bankruptcy petition after struggling with cash challenges brought on by the crypto winter and significant debt to Three Arrows Capital that the latter defaulted on. The reorganization of the company was underlined as the reason for the transfer by the company.