SEC's Courtroom Cred Slips As Trial Losses Mount

Law360, New York (December 4, 2013, 6:13 PM EST) -- The U.S. Securities and Exchange Commission's trial loss on Monday against an executive at government website contractor NIC Inc. comes less than two months after a jury cleared Dallas Mavericks owner Mark Cuban of insider trading, reigniting questions about the agency’s courtroom chops.

The jury cleared NIC Chief Financial Officer Stephen Kovzan on all 12 counts brought against him by the SEC, which had accused him of aiding an accounting scheme and concealing $1.18 million in payments to former NIC CEO Jeffery Fraser. At the time...
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