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Mark Cuban, the billionaire entrepreneur and owner of the Dallas Mavericks basketball team, was accused of insider trading by US securities regulators
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Mark Cuban, owner of the Dallas Mavericks, Landmark Theaters, and HDNet, has been accused of insider trading. The SEC claims that, following a private conversation with the Mamma.com's CEO, Cuban sold his entire stake in the company and thereby avoided at least $750,000 in losses.read more
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WASHINGTON (Reuters) - Mark Cuban, owner of the Dallas Mavericks professional basketball team, was charged with insider trading in shares of Mamma.com Inc, an Internet search engine firm, the Securities and Exchange Commission said on Monday.
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Kara Scannell of The Wall Street Journal is reporting that the Securities and Exchange Commission has filed charges on insider trading against Mark Cuban, owner of the Dallas Mavericks and founder of HDNet, which is home to Dan Rather. According to Ms. Scannell's report: The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, or PIPE. The next day, on June 29, the company announced the PIPE financing and shares of the company dropped by more than 10%. readmore
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Mark Cuban, Internet entrepreneur and owner of the Dallas Mavericks, was charged with insider trading Monday related to the stock of an online search engine, the Securities and Exchange Commission said.
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Mark Cuban, Internet entrepreneur and Dallas Mavericks owner, has been charged with insider trading related to the stock of an online search engine.
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A complaint alleged that the billionaire entrepreneur sold stock in an Internet company based on nonpublic information.
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Mark Cuban, the outspoken owner of the NBA's Dallas Mavericks, is skilled at getting attention in the basketball arena, but it was his trading in a Canadian Internet start-up that has gotten the notice of the Securities and Exchange Commission.
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Fox Business is reporting that a civil complaint has been brought against Mark Cuban for insider trading regarding "The Mother of All Search Engines" Mamma.com, which is owned by Copernic (CNIC). Cuban learned that the company would be issuing a PIPE: a public investment and private equity. In other words, they were about to issue an additional stock sale. When he learned about it, he sold his stake, about 600,000 shares before the public announcement. He avoided losses of $750,000. If the charges Cuban will have to give back the money with interest. Related Reading: Cuban's IceRocket Sold To Think Partnership Yahoo Confirms Icahn Proxy Fight
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The lawsuit could imperil the Internet entrepreneur's bid to buy the Chicago Cubs. Mark Cuban, the outspoken Internet entrepreneur and owner of the Dallas Mavericks basketball team, was accused by federal regulators Monday of illegal insider trading, an allegation that could jeopardize his chances of buying the Chicago Cubs baseball team.
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The S.E.C. filed a civil suit against the Internet entrepreneur for selling shares of an Internet search company in 2004.
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Money & Co. blog: Dallas Mavericks owner says he never agreed to keep information confidential ahead of stock sale.
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After being accused of insider trading by the SEC, Mark Cuban's done the smart thing and stayed fairly quiet so far. Just the same, one short announcement has given a few clues as to what's going on in relation to the Mamma.com charges.read more
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It's a he said–she said, but it also raises questions that could go all the way to the Supreme Court
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Federal regulators have charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.
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Federal regulators have charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.
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Mark Cuban allegedly sold shares on insider information, avoiding more than $750,000 in losses.
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SI.com legal analyst Michael McCann answers the key questions after Dallas Mavericks owner Mark Cuban on Monday was accused of insider trading.
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Insider-trading charges brought Monday against Mark Cuban, an Internet entrepreneur and owner of the Dallas Mavericks basketball team, could weaken his chances of buying the Chicago Cubs.
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Billionaire entrepreneur Mark Cuban, owner of the National Basketball Association's Dallas Mavericks, was charged Monday by the Securities and Exchange Commission with insider trading.
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Securities and Exchange Commission accuses Dallas Mavericks owner Mark Cuban of insider trading.
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The husband of a partner at City public relations firm Brunswick is at the centre of an alleged multimilliondollar insider trading ring.
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The mayor of Labrador City said he's worried the Quebec investigation of a mining company president for insider trading could derail a project in western Labrador.
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A former executive of Agnico-Eagle Mines Ltd. was found guilty in an Ontario court Friday of insider trading, the Ontario Securities Commission said.
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Kentucky police have charged an elderly man with trafficking in a controlled substance after they said he traded OxyContin for sex.
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BEREA, Ky. (AP) -- Police investigating an elderly man's complaints about theft at his home discovered the man allegedly traded prescription drugs for sexual favors. Police charged the 82-year-old man with trafficking in a controlled substance....
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A former UBS AG executive who hatched an insider-trading scheme that prosecutors said was one of the biggest on Wall Street since the 1980s was sentenced on Monday to six and a half years in prison.
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Mitchel Guttenberg, who was with the bank's investment review committee, had pleaded guilty to charges he gave hedge fund traders advanced warning of stock upgrades and downgrades
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A former Goldman Sachs analyst convicted of running a $6.7 million insider-trading ring has gone missing and may have fled the United States.
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David Pajcin, who cooperated with the federal government in the criminal prosecution of a $6.7 million insider-trading ring, has violated his parole, a lawyer for the Securities and Exchange Commission said.
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A committee set up by the French bank said BNP faces regulatory scrutiny over a $307 million bond and swap deal with Urban Corp., a property developer that later failed.
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Federal regulators have charged Mark Cuban, owner of the NBA's Dallas Mavericks, with insider trading for allegedly using confidential information on a stock sale of a Montreal company to avoid more than US$750,000 in losses.
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