Law360, New York (August 30, 2011, 2:25 PM EDT) -- Sports and entertainment billionaire Mark Cuban again sought Thursday to compel documents from the U.S. Securities and Exchange Commission in its suit alleging he engaged in insider trading to avoid a $750,000 loss by selling shares in search engine company Mamma.com.
The agency accuses Cuban of avoiding the loss by selling off 600,000 shares in the company based on nonpublic information he learned from its then-CEO about an impending private investment in public equity offering.
“The SEC's discovery strategy in this case has become clear: Unless...
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