Info Cuban Traded On Was Public, Insider-Trading Jury Told

Law360, Dallas (October 09, 2013, 7:44 PM ET) -- A securities expert on Wednesday told a Texas federal jury that information about an online search company's planned financing deal was already public before billionaire Mark Cuban dumped his stake in the company, as Cuban tries to upend insider trading allegations leveled at him by the U.S. Securities and Exchange Commission.

Erik Sirri, a finance professor at Babson College who has previously served as director of the SEC's trading and markets division, told jurors that investors and traders could have known about Canadian search engine company...
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