14°c Partly cloudy
13°c Rain
The Canadian Press - ONLINE EDITION
Judge: Insider trading case against Mavericks owner Mark Cuban can proceed
DALLAS - 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.
More Basketball
- Back to Top
- Return to Basketball
More Basketball
(1 of 50 articles for this week)
Spurs come out hot, Randolph cold as Western Conference finals opener turns into 105-83 rout
2:12 AM 0SAN ANTONIO - Mike Conley wouldn't let Zach Randolph take the blame for the Memphis Grizzlies' blowout loss in Game ...
Poll
Most Popular Basketball
- Serbian police say former Heat, Mavericks player Predrag Danilovic seriously injured in fight
- Anthony blocked in fourth quarter as Knicks knocked out by Pacers in Game 6
- Capsule preview of the NBA's conference finals
- Randolph struggles as Grizzlies lose Game 1, 105-83
- Mayor: Deal to sell Kings to Sacramento group has been signed
- 'It's only right': After fierce series a year ago, Heat and Pacers to meet in East finals
- Hornets sign F Lou Amundson for the remainder of the season and release C Henry Sims
- Death of LA Clippers owner Donald Sterling's son ruled accidental, drug-related
- Grizzlies have sights set higher than Western Conference finals against 4-time champion Spurs
- White-hot Spartans to face champs
- Olympiakos retains Euroleague title by recovering from 17-point deficit to beat Madrid 100-88
- Top prospect follows his heart
- James shrugs off flopping accusations as Heat try to go up 3-1 on Bulls in Eastern semifinals
- Serbian police say former Heat, Mavericks player Predrag Danilovic seriously injured in fight
- Real Madrid upsets Barcelona 74-67, Olympiakos stuns CSKA 69-52 to reach Euroleague final
- Grizzlies assistant coach Barry Hecker no longer with the team due to 'personal matter'
- Spurs hold off Warriors 94-82 in Game 6, advance to Western Conference finals against Memphis
- Mayor: Deal to sell Kings to Sacramento group has been signed
- Warriors forward Harrison Barnes leaves playoff game with head injury
- Column: Short-handed Bulls were most heartwarming tale of NBA post-season, but it's over.
- Judge says auction house cannot sell Kobe Bryant's stuff yet as legal issues get complicated
- ESPN says it regrets that reporter described gay NBA player Collins as a sinner
- Jason Collins: Support after his decision to come out as gay NBA player has been 'incredible'
- 'Do me a solid' and free jailed American, Dennis Rodman asks North Korean leader in tweet
- Obama, Bill Clinton commend NBA player Collins on coming out as gay, offer support
- Real Madrid upsets Barcelona 74-67, Olympiakos stuns CSKA 69-52 to reach Euroleague final
- Olympiakos retains Euroleague title by recovering from 17-point deficit to beat Madrid 100-88
- MB Basketball hall of fame names new inductees
- LeBron James wins MVP for 4th time, 1 vote shy of being a unanimous selection
- Boston writer explains why he didn't cast MVP ballot for LeBron James
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.