March 05, 2013
With the U.S. Securities Exchange Commission's insider trading case against billionaire Dallas Mavericks owner Mark Cuban now seemingly headed for trial, experts say the agency may struggle to defend a controversial rule that gives it wide latitude to sue corporate outsiders who allegedly misuse secret information.
March 05, 2013
Billionaire Dallas Mavericks owner Mark Cuban must face a U.S. Securities and Exchange Commission suit alleging he sold stock in a search engine company after its CEO divulged confidential information about an upcoming equity offering, a Texas federal judge ruled Tuesday.
January 18, 2013
Attorneys for Dallas Mavericks owner Mark Cuban told a Texas federal judge on Friday that the U.S. Securities and Exchange Commission hadn't proven he broke insider trading laws when he sold stock after learning about a company's equity offering, saying its claims should be dismissed.
October 22, 2012
Dallas Mavericks owner Mark Cuban on Friday moved to bar the input of an expert witness for the U.S. Securities and Exchange Commission in a suit accusing the billionaire of insider trading, arguing that the expert's rebuttal report contradicts settled issues of law in the case.
July 16, 2012
Sports billionaire Mark Cuban on Friday looked to put to rest a U.S. Securities and Exchange Commission suit accusing him of insider trading, telling a Texas federal judge that the information he received about a company's equity offering had already been distributed to several private investors and was never protected by a confidentiality agreement.
February 10, 2012
A Texas federal judge on Friday ordered the U.S. Securities and Exchange Commission and Dallas Mavericks owner Mark Cuban, who is accused by the regulator of insider trading, to produce a log of documents that each side claims are protected from disclosure.
November 23, 2011
The U.S. Securities and Exchange Commission asked a Texas federal court Tuesday to order sports and entertainment billionaire Mark Cuban, accused by the regulator of insider trading, to produce a log of documents that he claims are protected from disclosure.
September 21, 2011
U.S. securities regulators asked a Texas federal court on Tuesday to seek testimony from former executives of a search engine company who allegedly gave inside information to Mark Cuban, unwittingly helping the sports and entertainment billionaire avoid a $750,000 loss.
August 30, 2011
Sports and entertainment billionaire Mark Cuban again sought Thursday to compel documents from the U.S. Securities and Exchange Commission in its suit alleging he engaged in insider trading to avoid a $750,000 loss by selling shares in search engine company Mamma.com.
July 18, 2011
A Texas federal judge on Monday said billionaire Mark Cuban couldn't use the so-called "unclean hands" defense to counter the U.S. Securities and Exchange Commission's insider trading allegations because it was only available in "strictly limited circumstances" that didn't apply.