Cuban off hook for insider trading

mark cuban insider trading dallas mavericks nba

DALLAS (AP) - Jurors say billionaire Mark Cuban did not commit insider-trading when he sold his shares in an Internet company in 2004 after learning of a development that would dilute the value of his investment.

View 2014 NBA Finals Futures Odds

The jury in federal court found that the SEC failed to prove several key elements of its case, including that Cuban traded on nonpublic information.

The nine-member jury deliberated for about four hours.

The Securities and Exchange Commission accused Cuban of using inside information to sell $7.9 million of stock in Mamma.com after he learned confidentially of a stock offering that would send the share price down.

Cuban testified that he never agreed to keep information about the stock deal private and told the company that he would sell his shares.

Bet 2014 NBA Finals Futures Odds

Want More From TheSpread.com? Follow us on Twitter and Facebook or Subscribe to Our News Feeds!

NBA Top Stories

Thumbnail Will Fox be a top-5 pick? With the 2017 NBA Drafttakes place later tonight. Where can we expect one of the top prospects, De’Aaron Fox, to land tonight?
Thumbnail Fultz to go to the 76ers? The Boston Celticshave traded out of the No. 1 pick. The Philadelphia 76ersnow hold the top pick once again. Is it a slam dunk who they will take in the NBA...
Thumbnail 2018 NBA Finals Odds After dominating the 2017 NBA Playoffs, will anyone keep the Golden State Warriors from winning the NBA Finals again...
Thumbnail Stephen Curry Game 5 Props Will Stephen Curry bounce back from a poor showing in Game 4 when the Golden State Warriors host the Cleveland Cavaliers in Game 5 of the NBA Finals tonight at 9PM...
Thumbnail Will James get another triple-double? Will LeBron James add to his NBA Finals record of nine triple-doubles when the Cleveland Cavaliers take on the Golden State Warriors in Game 5 of the NBA Finals...

NBA Headlines

  • PHILADELPHIA (AP) Markelle Fultz already has his first turnover as a member of the Philadelphia 76ers.
    It came in an Instagram post sponsored by a watch company. ''Excited to head to (City) a...
  • NEW YORK (AP) Detroit Pistons guard Kentavious Caldwell-Pope was suspended for two games without pay by the NBA on Friday for pleading guilty to operating a motor vehicle while intoxicated.
    C...
  • HOUSTON (AP) Former NBA player Marcus Camby has been named defendant in a wrongful death lawsuit over the drowning of his 9-year-old autistic nephew in a pond on Camby's Houston-area property last...
  • As draft night approached, some of the heavy hitters in the NBA - Cleveland, San Antonio, Houston, Boston, the Clippers among them - were jockeying, making calls and looking for deals to try to pos...
  • NEW YORK (AP) The NBA draft averaged more than 3.5 million viewers, the second-biggest audience ever on ESPN.
    The telecast Thursday peaked with 5.2 million viewers from 8:15 to 8:30 p.m. EDT,...

NBA Team Pages