Dallas Mavericks owner accused of insider dealing

first_img A federal appeals court yesterday revived the US Securities and Exchange Commission’s insider trading lawsuit against Mark Cuban, the billionaire and owner of the Dallas Mavericks basketball team.The US Fifth Circuit Court of Appeals said a lower court erred in dismissing the case, in which the SEC accused Cuban of acting on non-public information when he sold his stake in Mamma.com, a Canadian internet search engine company, to avoid more than $750,000 (£482,000) of losses.The appeals court sent the case back to the lower court for further proceedings, which could lead to a trial. Cuban is worth $2.4bn, Forbes magazine said in March. whatsapp Show Comments ▼ whatsapp KCS-content Share Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Dallas Mavericks owner accused of insider dealing Tuesday 21 September 2010 8:08 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img