DALLAS (AP) - A federal judge has denied a request by Dallas Mavericks owner Mark Cuban to throw out a civil lawsuit accusing him of insider trading.
U.S. District Judge Sidney Fitzwater issued an order Tuesday rejecting Cuban's request for summary judgment against the Securities and Exchange Commission.
The SEC accused Cuban in 2008 of selling shares in Internet search company Mamma.com after receiving confidential information about a private stock offering at a discounted rate. The SEC's lawsuit says Cuban avoided losses of more than $750,000 by selling when he did.
Cuban has fought the charges and says he never agreed to confidentiality when he received a call from the company CEO in 2004.
Fitzwater said the SEC has enough evidence for a jury to look at the case. Cuban declined to comment.

Top NBA Public Bets

NBA Top Stories

Thumbnail NBA Rookie of the Year Pick An intriguing NBA rookie class features one deemed “superstar” in Ben Simmons. Will he be the runaway winner of the Rookie of the Yearin the 2016-17 NBA Season?
Thumbnail Durant has theraputic Olympics The biggest free agent of the 2016 offseason is ready to join his new team as Kevin Duranthad a successful experience at the 2016 Rio...
Thumbnail GS favored as schedule released The NBA released the 2016-17 schedule earlier this week. Here is a look at the latest odds to win the NBA Finals.
Thumbnail Dallas brings in ex-Warrior to join icon When Mavericks legend Dirk Nowitzki opted out of his contract on June 21, it felt like a slight roadblock to an inevitable reunion between both sides. Little...
Thumbnail Tim Duncan retires The San Antonio Spurs lost their franchise player on Monday, as Tim Duncan elected to retire after an amazing 19-year...
More inNBA Articles  

NBA Team Pages