sec.gov - 11/17/2008
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The Securities and Exchange Commission today charged Dallas entrepreneur Mark Cuban with insider trading for selling 600,000 shares of the stock of an Internet search engine company on the basis of material, non-public information concerning an impending stock offering.
blogmaverick.com - 11/17/2008
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blogmaverick.com —
I wish I could say more, but I
will have to leave it to this, and let...
the judicial process do its job. November 17, 2008 RE: SEC Civil Action in the United States District for the Northern District of Texas, Dallas Division Mark Cuban today ...
(more)
The SEC
blogmaverick.com - 11/18/2008
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blogmaverick.com —
November 18, 2008 On behalf of Mark Cuban
RE: SEC Civil Action in the United States District...
for the Northern District of Texas, Dallas Division The SEC knows their case centers on one telephone conversation between two individuals- 4 ...
(more)
SEC P2
online.wsj.com - 11/17/2008
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online.wsj.com —
The Securities and Exchange Commission filed insider trading
charges against Mark Cuban, the outspoken owner of the...
Dallas Mavericks, for allegedly dumping shares in Mamma.com upon learning it was raising money in a private offering ( full text of ...
(more)
SEC Charges Mark Cuban With Insider Trading
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S.E.C. Accuses Mark Cuban of Insider Trading
DealBook —
... for someone to use access to nonpublic information to improperly gain an edge on the market.” The S.E.C. said it was seeking to impose financial penalties and confiscate gains from the trades.“Insider trading cases are a high priority for the commission,” Linda Chatman Thomsen, director of the commission’s enforcement division, said in the S.E.C. statement. “This case demonstrates yet again that the commission will aggressively pursue illegal insider trading whenever it occurs. Go to Statement from the Securities and Exchange Commission »
Mark Cuban charged with insider trading
BloggingStocks —
Filed under: Insiders, Law, ScandalsThe breaking news is that the SEC is charging Mark Cuban, the owner of the Dallas Mavericks, with insider trading related to sales of share in Mamma.com, Inc., now known as Copernic. The entrepreneur billionaire has allegedly dumped 600,000 shares in the Internet search engine company when he found out it was raising money in a private offering. This information was not publicly known. The SEC filed its complaint in the U.S. District Court for the Northern District of Texas, saying that in June, 2004 Cuban was invited to participate in the stock ...
SEC charges Mark Cuban with insider trading
FT Alphaville —
Mark Cuban - digital maverick , owner of Dallas Mavericks, and now, alleged insider trading maverick. From the SEC statement : Washington, D.C., Nov. 17, 2008 - The Securities and Exchange Commission today charged Dallas entrepreneur Mark Cuban with insider trading for selling 600,000 shares of the stock of an Internet search engine company on the basis of material, non-public information concerning an impending stock offering. The Commission’s complaint, filed in the U.S. District Court for the Northern District of Texas, alleges that in June 2004, Mamma.com Inc. invited Cuban to participate in the stock offering after he ...
Mark Cuban Nailed By the SEC
gary-weiss.com —
... for alleged insider trading in the stock of something called Mamma.com. Here are the particulars from the SEC website . It's an interesting complaint, by the way. According to the SEC, Cuban became an "insider" because the CEO of the company told him about an upcoming PIPE deal. Does that mean that if I own shares, a CEO can make me an "insider" by calling me and blurting out some inside information? I guess so. Doesn't seem fair, and it will be interesting to see how this plays out. I see that Cuban is ...
SEC goes back after Mark Cuban…
footnoted.org —
... For those who don’t remember (or whose scorecard isn’t handy) the SEC filed its initial complaint last November, which alleged that Cuban had engaged in insider trading of shares of mamma.com by selling shares ahead of negative news that a secondary offering would be priced lower than the stock was trading at the time. The actual trading was done all the way back in June 2004, by the way. In the complaint, the SEC said that by selling ahead of the news, Cuban had managed to avoid over $750K in losses. ...
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