But in maintaining that their client did nothing wrong, Cuban’s defense team said that he never agreed to confidentiality or to avoid selling his stock upon learning of the placement from Mamma.com chief Guy Faure, who claims that Cuban did make such an assurance.
The jury agreed, determining by Wednesday afternoon that Cuban did not commit insider trading.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn