On Tuesday, Mark Cuban’s attorney filed a motion to compel the SEC to produce documents in relation to the previous charges filed by the agency. In 2008, the SEC charged Cuban with insider trading. The case was dismissed in July 2009.
Since then, Cuban has been on the offensive. According to The Wall Street Journal, a judge has approved Cuban’s attempt to investigate whether the SEC acted in bad faith when they brought the charges against him. The SEC reportedly produced some documents, but the latest motion seeks more.
If a judge rules that the SEC acted in bad faith, the agency’s appeal may be rendered moot and it may be forced to pay Cuban’s legal fees in addition to other sanctions.