Cuban Verdict Likely The Last Word In SEC Case

Law360, Dallas (October 16, 2013, 8:41 PM EDT) -- After a Texas jury on Wednesday found the U.S. Securities and Exchange Commission had proven none of the essential elements of its insider trading case against billionaire Mark Cuban, it will be "nearly impossible" for the agency to win on appeal, securities lawyers say.

The jury deliberated for less than four hours before handing Cuban what his lawyers said was a "100 percent win," finding in his favor on all five of the disputed elements of the SEC's insider trading claim, which accused the Dallas Mavericks owner...
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