Securities Docket

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In the SEC Inspector General’s Semiannual Report to Congress released yesterday, the OIG states that it has
opened an investigation into a complaint received from counsel for a defendant in an SEC Enforcement action, alleging numerous instances of misconduct by several Enforcement staff members during the course of the investigation that resulted in the filing of [...]

A copy of Mark Cuban’s Complaint for Declaratory and Injunctive Relief filed yesterday against the SEC and seeking the production of numerous documents under FOIA is available here.
As an aside, the case has been assigned to Judge Reggie B. Walton, who, as I have noted before, you really don’t want to mess with!
Read the Complaint [...]

In the latest development in Mark Cuban’s ongoing battle with the SEC, Cuban has reportedly filed his own lawsuit against the agency alleging that it is unlawfully withholding documents about its insider trading probe of him. Bloomberg reports that Cuban’s complaint filed today in federal court in D.C.
seeks a court order to force the SEC [...]

U.S. District Judge Sidney A. Fitzwater heard argument today on Mark Cuban’s motion to dismiss the Securities and Exchange Commission’s insider trading lawsuit against him, but did not issue a ruling.  As previously discussed here, the SEC alleges that on a phone call with the CEO of Mamma.com, Cuban agreed to keep any information he [...]

It is certainly generous of Mark Cuban to explain to the SEC how to break open the Madoff case given the rocky relationship between them at this time, but Cuban had an interesting suggestion for the SEC on his blog yesterday.
Cuban wrote that if it he was the person investigating the case, the first people [...]

Mark Cuban has filed a motion to dismiss the SEC’s insider trading case against him.  Reuters reports that in his filing with the U.S. District Court for the Northern District of Texas, Cuban argues that he had no fiduciary or other duty of trust to the company in question (Mamma.com, now known as Copernic Inc.)  [...]

Mark Cuban has apparently devoted some time, like us, to reading the SEC IG’s Semiannual Report to Congress over this holiday weekend. And he has some thoughts about it that he is very happy to share with you on his “blog maverick” blog.

Buried right in the middle of a Corporate Crime Reporter article that is primarily about a former Enron prosecutor’s views on the Mark Cuban case is a bit of news from Stephen Best, one of Cuban’s lawyers, that we have not seen anywhere else: that Cuban alleges SEC staff misconduct beyond the bizarre emails to [...]

Following up on this post from yesterday about “blog maverick,” the Mark Cuban blog that thus far has served as a vehicle for getting his side of the story out, the video by Cuban below helps answers the question why he may be using the blog in that way: “My blog: Because the press never [...]

Mark Cuban’s lawyer revealed what appears to be a second part of Cuban’s defense in an interview yesterday with the Dallas Morning News.  Cuban has already made it clear in a post on his blog that he will dispute whether he agreed to keep any information about Mamma.com confidential.
In the Dallas Morning News article, his [...]