Cuban Denies He Promised To Keep Deal Info Confidential

Law360, Dallas (October 3, 2013, 8:22 PM EDT) -- In his first day on the witness stand Thursday, Dallas Mavericks owner Mark Cuban rebuffed the government's claims that he dumped his stock in an online search company after learning inside information about a planned private financing deal, testifying that he hadn't agreed to keep the information confidential.

Cuban, facing a civil insider trading claim from the U.S. Securities and Exchange Commission, said he did not believe information he learned in June 2004 about a private investment in public equity deal planned by Canadian search engine...
To view the full article, register now.

Related

Sections

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

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.