Mark Cuban wins insider trading case

[benji]

phpBB [video]

Ether.

[NovU]

What is the detail to the story?

[shadowgrin]

There's this thing rumored in the internets called a search engine where you can type things called keywords like 'Mark Cuban insider trading' and legends say will magically give you info.

[Jackal]

Do you speak of that voodoo thing called google? See voodoo...googoo..google...

[NovU]

But what is the point of coming to a thread only to find out it's incomplete so I have to do hardwork myself only because OP was incompetent/lazy enough to do his job.

I like my food prepared, I don't like doing harvesting.

[Andrew]

Overview from his Wikipedia page:

On November 17, 2008, it was reported that the U.S. Securities and Exchange Commission (SEC) filed a civil suit against Mark Cuban relating to alleged insider trading in the shares of Mamma.com, now known as Copernic.[55] A stock dilution occurred shortly after a trade in June 2004, giving hints of inside knowledge at the time of the trade, and Cuban allegedly was saved from a loss of $750,000.[56] The SEC claims that Cuban ordered the sale of his holdings in Mamma.com after he had been confidentially approached by the company to participate in a transaction likely to dilute shares of current shareholders. Cuban disputed the charges, saying he had not agreed to keep the information secret.[57] On his blog, Cuban contended the facts were false and that the investigation was "a product of gross abuse of prosecutorial discretion".[58] DealBook, a section of The New York Times, reported through an anonymous source that Cuban believed the investigation was motivated by an SEC employee having taken offense to his interest in possibly distributing the film Loose Change.[59]

In July 2009, the U.S. District Court dismissed the charges against Cuban. But the SEC appealed, and in September 2010 an appeals court said that the district court had erred and that further proceedings would be necessary to address the merits of the suit.[60]

A Texas Jury found Cuban not guilty of the charges on Wednesday, Oct. 16, 2013. [61] The nine-member jury issued the verdict after deliberating 3 hours and 35 minutes. Cuban nodded and smiled as the verdict was read.