USE THIS ONE-cbs-11 RED-tx3-21 krld_feature-logo the-fan_feature-logo

Local

Mark Cuban Loses Bid To Dump Insider Trading Case

View Comments
Mavericks Central
Shop for Mavericks Gear
Buy Mavericks Tickets

NBA Scoreboard
NBA Standings
Team STATS
Team Schedule
Team Roster
Team Injuries

Featured Items

Your Bluebonnet Photos

Send Us Your Weather Photos

NBA Cheerleaders

From Our CBS Music Web Sites

Hollywood Hot Talk

Burning Texas Railroad Bridge Collapses

'Jack On Tap' Your Source For Craft Beer In DFW

Michael Jackson Sued Again

DALLAS (AP) — A federal judge has denied a request by Dallas Mavericks owner Mark Cuban to throw out a civil lawsuit accusing him of insider trading.

U.S. District Judge Sidney Fitzwater issued an order Tuesday rejecting Cuban’s request for summary judgment against the Securities and Exchange Commission.

The SEC accused Cuban in 2008 of selling shares in Internet search company Mamma.com after receiving confidential information about a private stock offering at a discounted rate. The SEC’s lawsuit says Cuban avoided losses of more than $750,000 by selling when he did.

Cuban has fought the charges and says he never agreed to confidentiality when he received a call from the company CEO in 2004.

Fitzwater said the SEC has enough evidence for a jury to look at the case. Cuban declined to comment.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

MOST VIEWED GALLERIES

View Comments
  • http://cnhfaith.me/2013/03/08/whats-in-a-name/ Whats in a Name? | Faith

    [...] Mark Cuban Loses Bid To Dump Insider Trading Case (dfw.cbslocal.com) [...]

  • http://freecorporateamericaofcoruption.wordpress.com freecorporateamericaofcoruption
blog comments powered by Disqus
Listen Live!