Jury acquits Mark Cuban

“A federal jury in Dallas yesterday rejected SEC claims that [Dallas Mavericks owner] Cuban engaged in insider trading when he sold his stake in a Canadian Internet company nine years ago to avoid a $750,000 loss. Jurors found the information Cuban acted on wasn’t confidential and that he hadn’t promised not to trade on it.” [Bloomberg Business Week, Bainbridge] Bonus: Jonathan Macey (Yale) on inside trading [video at Bainbridge, discusses Cuban case]

Comments are closed.