Mark Cuban has criticized the U.S. Securities and Exchange Commission since defeating its lawyers who brought him to trial on insider-trading charges. Today he surfaced at one of its conferences and turned up the heat via Twitter.
Mark Cuban, the billionaire owner of a professional basketball team, TV network and art-house movie theater chain, said he doesn’t recall details of a conversation in which the U.S. claims he was warned that information he received about a company was confidential.
Box Inc., the cloud storage and collaboration company that’s headed for an initial public offering, projects revenue this year to double to more than $200 million, according to people with knowledge of the matter.
Mark Cuban’s “desire to win, that competitive edge that makes him successful,” led the billionaire owner of the Dallas Mavericks to illegally sell stock on an insider tip, a U.S. lawyer told a federal jury.