Extract
The Cuban Insider Trading Case.
On July 17, 2009, the U.S. District Court for the Northern District of Texas dismissed the U.S. Securities and Exchange Commission's insider trading case against Mark Cuban, the owner of the Dallas Mavericks. The case involved a discussion between the CEO of a public company and Cuban in which the CEO gave Cuban material, nonpublic information and Cuban agreed to keep it confidential. However, he did not agree explicitly to refrain from trading based on that information, which he did. Based on these facts, ...
See the full content of this document
Sponsored links
