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Browse: Home / 2011 / July / 18 / Cuban Can’t Claim ‘Unclean Hands’ in SEC Insider Trading Case, Judge Says

Cuban Can’t Claim ‘Unclean Hands’ in SEC Insider Trading Case, Judge Says

By Securities Docket on July 18, 2011, 9:07 pm

Mark Cuban, the billionaire owner of the Dallas Mavericks, can’t argue the U.S. Securities and Exchange Commission’s insider-trading case against him is mostly barred because the agency investigated him in an improper manner, a judge ruled…. The defense is available “only in strictly limited circumstances” including when misconduct “results in prejudice to the defense of the enforcement action that rises to a constitutional level and is established through a direct nexus between the misconduct and the constitutional injury,” which Cuban hasn’t shown, Fitzwater wrote in his ruling.

Read more: Cuban Can’t Claim ‘Unclean Hands’ in SEC Insider Trading Case, Judge Says — Bloomberg News

Posted in SEC, Top | Tagged Mark Cuban, Unclean hands

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