Fox Business has an interesting interview with Christopher Clark, an attorney for Mark Cuban, the video of which is available below. Among other things, Mr. Clark states that:
- Cuban did not commit insider trading because he was “not an insider;”
- there is “no meat” to the SEC’s lawsuit against Cuban;
- the substance of a key telephone call involving Cuban is misstated in the SEC’s complaint and “if there is a tape of them everybody can play it and it’s not going to say anything like what the SEC quoted;” and
- “People who criticize the SEC have a much higher chance of having an enforcement action brought against them and we’re going to demonstrate that.”
The video of the interview is below.