Fox Business Video: Cuban’s Attorneys States He Was Not an Insider, “No Meat to Lawsuit”

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.