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  • SEC Dimissed Lawsuit Against Mark Cuban

Uncategorized

17 Jul

SEC Dimissed Lawsuit Against Mark Cuban

  • By bcuban
  • In Uncategorized
  • 5 comments

Mark Cuban on stageChief Judge Sidney Fitzwater said in a 35-page ruling released Friday that the SEC had failed to prove that Cuban, who owns the Dallas Mavericks, “undertook a duty of non-use of information required to establish liability under the misappropriation theory of insider trading.”

As the SEC has 30 days to amend the complaint, further comment by me would be inappropriate until the deadline has passed.  Here is the ruling.(PDF).

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    Comments

  1. Rose
    July 17, 2009

    CONGRATS! Score one for the common man against big brother! We were rooting for y'all in this.

  2. AnaSitton
    July 17, 2009

    B"H -Very happy for your family.

  3. MrsG
    July 18, 2009

    Congrats to you and family Brian:))) Bob and April Guccione

  4. rozelfadder
    August 3, 2009

    I really hearty congratulate to you and your family.

  5. adjustidohm
    August 6, 2009

    congrats! sounds like a bunch of heresay, posturing and lack of substantial evidence that isn't…once again, heresay…

Comments are closed.

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