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’Cuban seeks dismissal of suit
Mark Cuban, the investor and owner of the Dallas Mavericks basketball team, is asking a federal court to dismiss a civil suit brought by the Securities and Exchange Commission in November that accused Cuban of insider trading reports the WSJ.
Cuban responds to SEC
Billionaire basketball team owner Mark Cuban responded to US insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential,
McCoxism?
Much talk today of the Mark Cuban case, the internet entrepreneur turned basketball team-owner being charged with insider trading by the SEC. What seemed like a basic insider trading case is now being depicted as something that resembles Cold War-style McCarthyism — or maybe we’re reading too much into Cuban’s surname?
Most notably,
Mark Cuban accused of insider trading
US regulators on Monday accused Mark Cuban, the colourful billionaire entrepreneur and owner of the Dallas Mavericks basketball team, of insider trading. In a civil lawsuit, the SEC claimed Cuban sold his holding in internet search company Mamma.com within four hours of receiving confidential information about an impending stock offering in 2004.
SEC v Cuban – the Maverick responds
Mark Cuban responds to the SEC’s allegation of insider trading (emphasis FT Alphaville’s):
wish I could say more, but I will have to leave it to this, and let the judicial process do its job.
November 17,
SEC charges Mark Cuban with insider trading
Mark Cuban – digital maverick, owner of Dallas Mavericks, and now, alleged insider trading maverick.
From the SEC statement:
Washington, D.C., Nov. 17, 2008 – The Securities and Exchange Commission today charged Dallas entrepreneur Mark Cuban with insider trading for selling 600,000 shares of the stock of an Internet search engine company on the basis of material,