Cuban Can't End Insider Trading Trial After SEC Rests

Law360, Dallas (October 7, 2013, 7:18 PM EDT) -- A Texas federal judge on Monday denied billionaire entrepreneur Mark Cuban’s bid to end an insider trading trial against him, finding the U.S. Securities and Exchange Commission had shown enough evidence Cuban may have traded on confidential information to let the case move forward.

The SEC closed its case late Monday afternoon, after Cuban's second day on the stand. Cuban’s defense team argued the government had failed to meet its burden and show Cuban had received material nonpublic information about a private offering planned by Canadian...
To view the full article, register now.