SEC's Insider Trading Case Against Cuban No Slam Dunk

Law360, New York (March 5, 2013, 9:08 PM EST) -- With the U.S. Securities Exchange Commission’s insider trading case against billionaire Dallas Mavericks owner Mark Cuban now seemingly headed for trial, experts say the agency may struggle to defend a controversial rule that gives it wide latitude to sue corporate outsiders who allegedly misuse secret information.

A Texas federal judge on Tuesday denied Cuban’s motion to dismiss claims he wrongly sold 600,000 shares in search engine company Mamma.com after learning from its CEO that the firm was about to conduct a private investment in public equity,...
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