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Monday, July 20th, 2009 at 9:30 am  |  4 responses

Mark Cuban’s Legal Troubles Over

The Mavs’ owner no longer has to concern himself with insider trading accusations: “A federal judge has tossed out the Securities and Exchange Commission’s insider-trading suit against Dallas Mavericks owner Mark Cuban, dealing a stunning defeat to the nation’s securities cop in one of its highest-profile civil actions. Chief Judge Sidney Fitzwater of Dallas said in a 35-page ruling released Friday that the SEC had failed to prove that Cuban entered into a legal agreement not to trade stock in the search engine firm Mamma.com Inc. after learning nonpublic information about the company’s plans to raise more money.”

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  • GAMBLER

    CANT A MAN EVEN MAKE GOOD USE OF INSIDER INFO ANYMORE? WHATS THIS NATION COMING TO?

  • http://www.shawn-kemps-offspring.blogspot.com Eboy

    The title of this is actually incorrect. An appeal for this case can be filed within 30 days and there are a rumored two other similar cases ready to be brought forth if the appeal is shot down.

  • zabba

    Well, one can hope…

  • http://www.bbaxn.com Darksaber

    umm, title of this post should have ended in a question mark. (cause Cubes is getting sued!)

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