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Lawsuit vs. Mark Cuban revived

Updated: September 21, 2010, 6:24 PM ET
Associated Press

DALLAS -- A federal appeals court revived the Securities and Exchange Commission's insider-trading lawsuit against Dallas Mavericks owner Mark Cuban on Tuesday, saying it was "plausible" he had agreed not to sell company stock to avoid a loss after receiving confidential information.

The case was sent back to a lower court in Dallas for further discovery and, if necessary, a trial. The appeals court declined to rule on whether Cuban was wrong in selling the stock, saying that was a question ...

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