SEC Seeks Testimony On Mark Cuban In Trading Suit

Law360, New York (September 21, 2011, 2:18 PM EDT) -- U.S. securities regulators asked a Texas federal court on Tuesday to seek testimony from former executives of a search engine company who allegedly gave inside information to Mark Cuban, unwittingly helping the sports and entertainment billionaire avoid a $750,000 loss.

The U.S. Securities and Exchange Commission, which has sued Cuban for trading on inside information about Inc., requested that the court send so-called letters rogatory to two Canadian courts asking them to compel the testimony of three former executives — CEO Guy Faure, Chairman...
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