Judge won't dismiss insider-trading suit against Mark Cuban
A Federal judge decided today that a five-year-old lawsuit accusing tech mogul Mark Cuban of insider-trading is going to trial, The Wall Street Journal reported.
The Securities and Exchange Commission filed suit in 2008 against Cuban, owner of the Dallas Mavericks and former Yahoo and Broadcast.com executive, for allegedly relying on confidential information when he sold his stake in search engine Mamma.com and avoided a $750,000 loss.
Cuban has stated in the past that he has done nothing wrong, saying, "The government's claims are false and they will be proven to be so."
Judge … Read more