Last October, Florida attorney Adam Moskowitz sorely needed what he dubs “extra firepower” to propel a high-profile class action lawsuit against the Dallas Mavericks and their owner, Mark Cuban. Moskowitz saw the move as essentially the start of a new legal campaign: targeting celebrities and influencers who had promoted failed crypto products on behalf of ordinary folks who’d lost, in total, tens of billions of dollars to those heavily touted schemes. In late 2021, Moskowitz had sued digital currency lender Voyager for allegedly selling deceptive, unlawful accounts. But in July of 2022, Voyager went bankrupt, and Moskowitz had little hope of getting much money back for the 3.5 million customers who’d lost an estimated $3.5 billion on the coins held in their accounts. So Moskowitz shifted course and decided to go after deep-pocketed defendant Cuban and the his NBA team. The Mavericks had signed a big endorsement deal with Voyager, granting it the naming rights for the Mavs' sprawling e-sports venue in Dallas, and Cuban praised the then-thriving platform as an “attractive investment for novice investors and a perfect fit for Mav Fans.”
But Moskowitz’s case versus Cuban and the Mavericks stood stalled in bankruptcy court. Instead of allowing Moskowitz to seek damages, the panel sought to reserve recoveries for repaying the creditors. To keep the suit and his crusade alive, Moskowitz aimed to lure as a partner arguably the biggest name in the legal game, David Boies.
