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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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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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The Securities and Exchange Commission filed a civil suit charging the Internet entrepreneur with insider trading for selling shares of an Internet search company in 2004.
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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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A complaint alleged that the billionaire entrepreneur sold stock in an Internet company based on nonpublic information.
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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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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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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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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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Federal regulators have charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale
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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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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 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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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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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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NEW YORK (Reuters) - Authorities said on Thursday that a former Lehman Brothers Holdings Inc employee tipped friends and relatives with inside information about 13 impending mergers by divulging confidential information he got from his public relations executive wife.
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The scheme, which earned $4.8 million in profit, depended upon tips from the employee's wife.
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Updated: Federal prosecutors on Thursday accused a Barclays Wealth employee of helping run a $4.8 million insider-trading ring based on information illegally obtained from his wife, a public relations executive involved in several deals. Matthew C. Devlin and several other individuals are charged with illegally traded on information gleaned from Mr. Devlin’s wife Nina, an executive [...]
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NEW YORK -- A former Lehman Brothers broker who gleaned tips about pending mergers from his wife, a partner at a high-powered public relations firm, was charged Thursday in a wide-ranging insider trading scheme that earned $4.8 million in profits for several people including a former Playboy model and two lawyers, authorities said.
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A former Lehman Brothers employee has been charged with insider trading through a scheme that prosecutors said used information obtained from his wife, a partner of the public relations firm Brunswick Group
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