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

Federal government taking Mark Cuban to court

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DALLAS -

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.

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