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.
Mark Cuban, the billionaire owner of the Dallas Mavericks, can’t argue the U.S. Securities and Exchange Commission’s insider-trading case against him is mostly barred because the agency investigated him in an improper manner, a judge ruled.
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.
Mark Cuban sold his stock in a Canadian Internet search business because he didn’t want to be a loser, a U.S. Securities and Exchange Commission lawyer told a jury at the start of the billionaire’s insider-trading trial.
Mark Cuban, the Texas billionaire and pro basketball team owner, went to the federal courthouse in Dallas today, seeking to persuade a judge to throw out for a second time a U.S. lawsuit accusing him of insider trading.