Mark Cuban found not liable in insider trading trial - Dallas News |

Mark Cuban found not liable in insider trading trial

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Mark Cuban was found not liable on Wednesday at his insider trading trial in a Dallas courtroom.

The Securities and Exchange Commission accused Cuban of using inside information to dump millions of dollars worth of stock.

Cuban blasted the lead attorney for the SEC after the verdict was reached.

"She lied, over and over. I said I wouldn't be bulled. She tried to be a bully. She sat there and looked at me and when she couldn't get her way, she backed down like most bullies did and started shaking. At one point I thought she was gonna cry," Cuban said.

SEC attorney Jan Folena had no regrets.

"We did the best we could in this case and things turn out the way they turn out. We respect the verdict of the jury," Folena said.

In closing statements on Tuesday, one of Cuban's lawyers said the government was twisting evidence and relying on an unreliable witness who did not testify in person.

Former Federal Prosecutor Kimberly Priest-Johnson says the witness' decision not to appear in court "really hurt the government."

Cuban could have faced penalties totaling $2 million if he had been found guilty.

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