forbes.com - 11/17/2008
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The commission charges defendant Mark Cuban with committing securities fraud by engaging in illegal insider trading.
online.wsj.com - 11/17/2008
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online.wsj.com —
The Securities and Exchange Commission filed insider trading
charges against Mark Cuban, the outspoken owner of the...
Dallas Mavericks, for allegedly dumping shares in Mamma.com upon learning it was raising money in a private offering.
(more)
Mark Cuban Charged with insider trading. oh boy.
sports.espn.go.com - 11/17/2008
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sports.espn.go.com —
The Securities and Exchange Commission has accused Dallas
Mavericks owner Mark Cuban of insider trading. The Wall...
Street Journal on Monday reported that Cuban is alleged to have dumped shares in Mamma.com upon learning it was raising money in a private offering. In a civil action, the SEC ...
(more)
Mavericks owner Mark Cuban accused of insider trading
blogmaverick.com - 11/17/2008
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blogmaverick.com —
I wish I could say more, but I
will have to leave it to this, and let...
the judicial process do its job. November 17, 2008 RE: SEC Civil Action in the United States District for the Northern District of Texas, Dallas Division Mark Cuban today ...
(more)
The SEC
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Cuban Busted
The Bad News Bloggers —
... UPDATE 12:48 PM: Check out the text of the complaint from the SEC. Of note is that Cuban will be required to pay back the $750,000 he "gained" by selling his shares (by gained, we mean avoided losing), a prejudged amount of interest on said gain and a civil penalty (in accordance to the rule, not to exceed roughly $2.25 million) ...
SEC goes after Mark Cuban
SmackCaster SmackBlog —
... . The SEC alleges that in June 2004, Mamma.com Inc. invited Cuban to participate in a stock offering that would be conducted at a discount to the company’s prevailing market price. Within hours of receiving this information, according to the civil complaint, Cuban called his broker and instructed him to sell his entire position in the company. By selling at that time, Cuban avoided losses of more than $750,000, the SEC said. The complaint is here. ...
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