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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 [...]
Mark Cuban Files Motion to Dismiss SEC’s Insider Trading Case
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 Weighs in on the SEC IG’s Semiannual Report to Congress
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.
Cuban’s Attorney Claims SEC Staff Misconduct Goes Beyond Norris Emails
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 [...]
“My Blog, Because the Press Never Gets it Right”
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 [...]
Cuban’s Defense May Also Contest Whether He Believed Information Remained Confidential
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, [...]
The Onion’s “American Voices” on the Mark Cuban Case
Includes thoughtful comments from (fake) Americans such as: “First Martha Stewart, now Mark Cuban. It’s like the SEC knows exactly who I hate.” Read The Onion’s “American Voices: Mark Cuban Sued For Insider Trading”
“Blog Maverick”: The Blog at the Center of the SEC v. Cuban Action
After two consecutive days of inflammatory blog posts attacking the SEC’s case against Mark Cuban that appeared on Mark Cuban’s “blog maverick” website, the SEC’s deputy director was quoted yesterday in the WSJ Law Blog as saying “We’re not going to comment on anything Mr. Cuban or his lawyers have to say on Mr. Cuban’s [...]
SEC Shouldn’t “Let it Be”
In times of economic troubles, Cuban’s lawyers come to the SEC, Speaking words of wisdom, Let it be. The Beatles Securities Docket At least twice now I’ve seen what I consider to be an odd comment made about the SEC’s decision to sue Mark Cuban for insider trading: essentially, that in the current economic crisis, [...]