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SEC Will Appeal Dismissal of Mark Cuban Insider Trading Case
SEC will appeal dismissal to Fifth Circuit.
Mark Cuban Seeks Attorneys’ Fees Following Dismissal of SEC Action
Cuban seeks fees arguing SEC’s case was “wholly unsupported” from the start.
Court in Cuban Case: SEC Failed to Allege Agreement Not to Trade on Info in Question
As previously discussed here, U.S. District Judge Sidney A. Fitzwater dismissed the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban this morning. A copy of the Court’s Order is available here.
In his ruling, Judge Fitzwater found that the SEC failed to adequately allege that Cuban agreed with Mamma.com (a) not to disclose material, [...]
Copy of Order Dismissing SEC’s Insider Trading Case Against Mark Cuban
A copy of U.S. District Judge Sidney A. Fitzwater Memorandum and Order dismissing the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban is available here.
Order Dismissing SEC v. Cuban
Breaking: Court Dismisses SEC’s Insider Trading Case Against Mark Cuban
This morning, U.S. District Judge Sidney A. Fitzwater dismissed the SEC’s insider trading case against Dallas Mavericks owner Mark Cuban. The AP reports that the court gave the SEC 30 days to file an amended complaint.
Report: SEC’s IG Opens Investigation Into Alleged Staff Misconduct in Mark Cuban Case
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 [...]
Copy of Mark Cuban’s Complaint for Declaratory and Injunctive Relief Against SEC
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 [...]
Mark Cuban Files Lawsuit Against SEC Seeking Order to Produce Documents
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 [...]
Court Hears Argument in Mark Cuban’s Motion to Dismiss SEC’s Case, Does Not Rule
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 [...]
Mark Cuban on How to Quickly Break Down the Madoff Case
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 [...]