Securities and Exchange Commission
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.
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.
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.
Shares of beleaguered retailer J.C. Penney are up more than 6 percent in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9 percent stake in the company.
A Dallas-based power company says it is considering filing for Chapter 11 bankruptcy to restructure $32 billion in debt.
A federal judge has denied a request by Dallas Mavericks owner Mark Cuban to throw out a civil lawsuit accusing him of insider trading.
A 61-year-old woman living in Maine was sentenced to 80 years in prison for operating a Ponzi scheme through a wealth management firm in Plano.
Banks would be barred from trading for their own profit instead of their clients under a rule federal regulators proposed Tuesday. The Federal Deposit Insurance Corp. backed the draft rule on a 3-0 vote.
A watchdog report says Dallas Mavericks owner Mark Cuban has no grounds to claim that Securities and Exchange Commission attorneys engaged in misconduct in an insider trading case against him.