SEC Still Wants a Piece of Mark Cuban

The case was dismissed in July

By SCHUYLER DIXON
|  Wednesday, Oct 7, 2009  |  Updated 5:15 PM CDT
View Comments (
)
|
Email
|
Print
SEC Still Wants a Piece of Mark Cuban

Frederick M. Brown

Mark Cuban was charged with insider trading.

advertisement

The Securities and Exchange Commission says it plans to appeal a federal judge's dismissal of the agency's insider-trading lawsuit against Mark Cuban.

  The SEC filed a notice Wednesday that it plans to take its case to the 5th U.S. Circuit Court of Appeals in New Orleans.
 
The outspoken billionaire owner of the NBA's Dallas Mavericks was accused in a civil lawsuit of selling his shares and avoiding a $750,000 loss after receiving confidential information about the Internet search engine company Mamma.com in 2004.
 
U.S. District Judge Sidney A. Fitzwater dismissed the case in August. He said the agency didn't allege that Cuban had agreed not to trade on confidential information.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get NBCDFW on Mobile!
Get NBCDFW's free news and weather... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out