Jurors Weigh Cuban Insider Case After Contentious Closings

Law360, Dallas (October 15, 2013, 8:40 PM EDT) -- A Texas federal jury on Tuesday began deliberating the U.S. Securities and Exchange Commission's insider trading allegations against billionaire entrepreneur Mark Cuban after heated closing arguments with each party accusing the other of lying to the jury.

At the heart of the case is an eight-minute phone call between Guy Faure, the former CEO of a now-defunct Internet search engine company, Mamma.com, and Cuban, the owner of the Dallas Mavericks, who was at the time the largest single shareholder of the company. The SEC claims Cuban...
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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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