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Potential Silver Lining for S.E.C. in the Cuban Case

No one likes to lose, so the Securities and Exchange Commission is surely smarting from a jury’s decision absolving Mark Cuban, the billionaire owner of the Dallas Mavericks, of insider trading charges. Although the case garnered headlines, it is unlikely to have much effect on other investigations, and even has a potential silver lining for the S.E.C. The case revolved around whether Mr. Cuban agreed not to trade on information about an impending transaction at Mamma.Com, an Internet search engine company in which he held a 6.3 percent stake. After speaking with the company’s chief executive, Guy Fauré, about the company’s decision to sell shares that would hurt its price, he unloaded his stock and avoided about $750,000 in losses. More in the New York Times here.

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