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Home » Voyager Investor Suit Against Firm Shows Risk of Crypto Advice – Bloomberg Law

Voyager Investor Suit Against Firm Shows Risk of Crypto Advice – Bloomberg Law

Voyager Investor Suit Against Firm Shows Risk of Crypto Advice – Bloomberg Law

A lawsuit targeting McCarter & English over failed exchange Voyager Digital Holdings Inc. shows the risk firms face when giving advice in the fast-changing—and sometimes dizzying—world of crypto.The New Jersey-based law firm gave a “bogus legal opinion” that Voyager’s native VGX token was not an unregistered security, investors allege in a lawsuit filed Feb. 6 in Miami. The opinion played an integral role in a fraud that led to over $4 billion in investor losses, the suit claims.Lawyers found themselves in “uncharted territory” as crypto’s popularity led corporate firms to launch practices, said James Cox, a Duke University law professor. Opinions… 

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