A jury has determined that billionaire and Dallas Mavericks owner Mark Cuban did not violate insider-trading laws when he sold his stock in the online search company Mamma.com in 2004.
Two men and seven women are expected to begin deliberating the fate of Dallas Mavericks owner Mark Cuban on Wednesday morning in a Dallas courtroom.
A government lawyer told jurors that billionaire Dallas Mavericks owner Mark Cuban had an unfair and illegal advantage over other investors when he dumped $7.9 million in shares of an Internet company and then lied about why he sold.
The government’s insider-trading case against billionaire and Dallas Mavericks owner Mark Cuban is heading toward the final buzzer. After six days of testimony, closing arguments are expected Tuesday afternoon in federal court in Dallas.
During his second day of testifying, Dallas Mavericks owner Mark Cuban told jurors he could have settled the insider trading civil lawsuit filed by the SEC but he didn’t because he had done nothing wrong.
Billionaire and Dallas Mavericks owner Mark Cuban is expected back on the witness stand Monday as his insider trading trial resumes in federal court.
Mark Cuban sparred with a government lawyer Thursday over why the billionaire and Dallas Mavericks owner dumped his shares in a Canadian search-engine company in 2004.
Mavericks owner Mark Cuban took the witness stand in Dallas on Thursday. He is facing federal charges, accused by the SEC of insider trading.
An expert testified Wednesday that he didn’t think Cuban was barred from selling his shares in Momma.com or required to keep their 2004 phone call confidential.
Jurors hear a second day of testimony in Dallas as they wait for Mark Cuban to take the stand in his insider-trading trial.
A government lawyer said that the drive to win that helps Mark Cuban succeed in business led the billionaire Mavericks owner to cheat by using insider information to sell stock.
Mark Cuban’s lawyers will not be permitted to use additional measures to weed out potential jurors based on pre-trial publicity about the billionaire Dallas Mavericks owner’s insider trading case, a Texas federal judge has ruled.