Appeals Court Reverses Insider Trading Charges Against Dot com Billionaire Mark Cuban

A federal appeals court in New Orleans reinstated the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban.  The Fifth Circuit Court of Appeals said there was “more than a plausible” basis to find that Mr. Cuban agreed not to trade stock in, an Internet search company, after speaking to the company’s executives and learning about a private stock offering. Mr. Cuban has denied wrongdoing. – WSJ

Be the first to comment

Leave a Reply

Your email address will not be published.