Why You Should Not Follow Mark Cuban's Legal Advice

Law360, New York (February 3, 2014, 6:38 PM EST) -- In a recent Law360 guest column, entrepreneur Mark Cuban gloated about his trial victory over the U.S. Securities and Exchange Commission and, in the process, provided some very bad legal advice. Specifically, he stated the following hypothetical:

[Suppose] someone walked up to you and said "I'm the CEO of this public company and I'm about to make the biggest cash sale in the history of the company and we will blow away all Wall Street numbers and you should buy the stock." That is without question material, nonpublic information. But if you trade on the information, is it insider trading? The...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!