Mr. Cuban called at the behest of Chris Clark, one of Mr. Musk’s lawyers who represented Mr. Cuban in his dispute with the SEC. He advised Mr. Musk on the phone that a settlement wouldn’t be as damaging as a court fight with the agency.
“I explained where the SEC used questionable practices in my case, and how he could expect the same,” Mr. Cuban said in an email Wednesday night. “I asked him if he could name five people who had settled with the SEC, knowing he wouldn’t be able to name any.”
‘Enforcement 40’ for 2020
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