SEC accuses Mavs owner Cuban of insider trading

Updated: November 18, 2008, 1:00 PM ET
ESPN.com news services

WASHINGTON -- Federal regulators have accused billionaire Dallas Mavericks owner Mark Cuban of insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.

The Securities and Exchange Commission filed a civil lawsuit against Cuban on Monday in federal court in Dallas. The agency said that in June 2004, Cuban was invited to get in on the coming stock offering by Mamma.com Inc. after he agreed to keep the information private.

The ...

Read full story


You must be signed in to post a comment

Already have an account?