Federal government taking Mark Cuban to court - Dallas News | myFOXdfw.com

Federal government taking Mark Cuban to court

Posted: Updated:

Dallas Mavericks owner Mark Cuban's insider trading case goes to trial on Monday. 

The Securities and Exchange Commission says Cuban received a tip about a planned stock offering by Canadian web search firm "Mamma.com" to targeted investors. 

The SEC also says Cuban sold his 6% stake in the company in order to avoid a loss of $750,000. 

Cuban says the information he received wasn't confidential and he never made a commitment to keep it confidential. A judge dismissed the case against Cuban in 2009, but it was revived by the U.S. Court of Appeals in 2010.

Powered by WorldNow

400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices