A federal judge has dismissed the Securities and Exchange Commission’s insider-trading case against Mark Cuban, the AP reports. Astonishingly, Cuban has yet to say anything about this on his blog or his Twitter account. But I assume that will be rectified shortly.
Yesterday, I suggested that the SEC may have finally muzzled Mark Cuban by filing insider trading charges against him. But I’m quite glad I’m wrong. Cuban can’t help himself, and has already begun waging a high-profile campaign against the regulators who are suing him.
Investor/blogger/entrepreneur/Dallas Mavericks owner Mark Cuban doesn’t shy away from the spotlight. Just ask him–if you can get a word in edgewise. But now Cuban is staying mum. That’s because the SEC has filed insider trading charges against Cuban, alleging that he “avoided losses of $750,000″ by dumping shares of search engine Mamma.com after learning about a secondary offering in 2004.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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