Mark Cuban Fights For Docs From SEC Trading Probe

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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Case Information

Case Title

Securities and Exchange Commission v. Cuban


Case Number

3:08-cv-02050

Court

Texas Northern

Nature of Suit

Securities/Commodities

Judge

Sidney A Fitzwater

Date Filed

November 16, 2008

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