SEC Insider Trading Suit Not A Slam Dunk, Mark Cuban Says

Law360, New York (July 16, 2012, 5:45 PM EDT) -- Sports billionaire Mark Cuban on Friday looked to put to rest a U.S. Securities and Exchange Commission suit accusing him of insider trading, telling a Texas federal judge that the information he received about a company’s equity offering had already been distributed to several private investors and was never protected by a confidentiality agreement.

In a 49-page motion for summary judgment, Cuban, who owns the Dallas Mavericks, said news from Inc.'s chief executive officer about an impending private investment in public equity offering had been...
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