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Mark Cuban charged with insider trading
BloggingStocks —
... The breaking news is that the SEC is charging Mark Cuban, the owner of the Dallas Mavericks, with insider trading related to sales of shares in Mamma.com, Inc., now ...
Oh Mamma.com: SEC charges Mark Cuban with insider trading
Between the Lines —
November 17th, 2008 Oh Mamma.com: SEC charges Mark Cuban with insider trading Posted by Larry Dignan @ 8:37 am Categories: General Tags: SEC , Mark Cuban , Mamma.com , Investment , Finance , Larry Dignan The Securities and Exchange Commission said Monday that it has charged Mark Cuban with insider trading for selling 600,000 shares of Mamma.com. Specifically, the SEC says that Mamma.com invited Cuban–owner of the Dallas Mavericks and former Yahoo and Broadcast.com exec–to participate in a stock offering in June 2004 on the agreement that he would keep the information ...
Cuban Charged With Insider Trading
AOL News —
... The Securities and Exchange Commission has charged Dallas Mavericks owner Mark Cuban with insider trading related to the sale of 600,000 shares of Internet search engine Mamma.com.
Also See: Read SEC Statement ...
Mark Cuban charged with insider trading
BloggingStocks —
... The breaking news is that the SEC is charging Mark Cuban, the owner of the Dallas Mavericks, with insider trading related to sales of share in Mamma.com, Inc., now known as Copernic. The entrepreneur billionaire has allegedly dumped 600,000 shares in the Internet search engine company when he found out it was raising money in a private offering. This information was not publicly known. ...
SEC Charges Mark Cuban With Insider Trading Over Sales Of Mamma.com Shares
paidContent —
The SEC has charged internet entrepreneur and NBA Dallas Mavericks owner Mark Cuban with insider trading over shares of Mamma.com. The high-profile complaint—the press release is highlighted on SEC.gov at the moment—alleges that in June 2004, Cuban sold 600,000 shares of the search engine company's stock within hours of receiving confidential information that the company was about make a stock offering that would dilute existing holdings. The stock went down after the offering was announced publicly; the government alleges that Cubvan "avoided losses" of more than $750,000 by selling early. The suit has been filed in the U.S. ...
DealBook: S.E.C. Accuses Mark Cuban of Insider Trading
NYT > Technology —
Updated at 12:42 p.m. The Securities and Exchange Commission said Monday that it had charged Mark Cuban, the billionaire Internet entrepreneur and owner of the Dallas Mavericks basketball team, with insider trading for selling 600,000 shares of an Internet search engine company. The S.E.C. said Mr. Cuban sold the stock in the company, Mamma.com , based on nonpublic information about an impending stock offering. The commission asserted that Mr. Cuban avoided losses in excess of $750,000 by selling his stock prior to the public announcement of the offering. The commission filed a civil lawsuit against Mr. Cuban in Federal District Court ...
SEC Charges “Maverick” Mark Cuban With Insider Trading - No Way
Furrier.org - John Furrier's Personal Blog —
... 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. ...
Mark Cuban ‘insider trading’ charge
p2pnet news —
p2pnet news view | P2P:- Billionaire Net entrepreneur or Mark Cuban, owner of the Dallas Mavericks, an NBA basketball team and chairman of HDTV cable network HDNet, has been charged by the Securities and Exchange Commission of inside trading.
He allegedly sold 600,000 shares of the stock of an, “Internet search engine company on the basis of material, non-public information concerning an impending stock offering,” says an SEC press statement.
He made the sale, “within hours” of receiving confidential information that the company was about make a ...
Mark Cuban accused of insider trading
ZDNet Government —
November 17th, 2008 Mark Cuban accused of insider trading Posted by Richard Koman @ November 17, 2008 @ 11:20 AM Categories: Law enforcement Tags: Mark Cuban , Sales Strategy , Sales Force Management , Investment , Sales , Finance , Richard Koman The Securities and Exchange Commission filed a complaint against Dallas Mavericks owner Mark Cuban today, charging that he engaged in insider trading by selling his shares in search engine Mamma.com based on insider information. ( Statement | Complaint ) [image] According to the complaint, ...
SEC calls technical foul on Mark Cuban
GMSV —
... may be tougher. The SEC today charged Cuban with insider trading , citing the circumstances in which he threw Mamma.com from the train four years ago. Cuban bought 600,000 shares of the Canadian search engine (since ...
Mark Cuban Charged by the SEC. Whoa, Mamma.com!
Alice Hill's Real Tech News - Independent Tech —
... is the “trading of a corporation’s stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.” The SEC’s press release says: The Commission’s complaint, filed in the U.S. District Court for the Northern District of Texas, alleges that in June 2004, Mamma.com Inc. invited Cuban to participate in the stock offering after he agreed to keep the information confidential. The complaint further alleges that Cuban knew that the offering would be conducted at a discount to the prevailing market price and ...
How serious are the insider trading charges against Mark Cuban?
SiliconBeat » O’Brien —
... The complaint filed Monday contains the good, old-fashioned kind of allegations. You can read the full complaint here. In essence, the SEC claims that Cuban was an investor in the search engine ...
Cuban to Fight Insider Trading Charges
AOL News —
... The Securities and Exchange Commission has charged Dallas Mavericks owner Mark Cuban with insider trading related to the sale of 600,000 shares of Internet search engine Mamma.com. Cuban says the claims are false and vows to contest the charges.
Also See: Read SEC Statement • BloggingStocks: Textbook Violations ...
Why The Case Against Cuban Smells Fishy [GigaOM]
GigaOM Network —
It’s a classic PR play: When you start to look like the bad guy, call out a bigger bad guy.
And it seems to be the strategy that the Securities and Exchange Commission — besieged by accusations of lax enforcement before and during the credit crisis — is using in going after Mark Cuban for insider trading. ...
Mark Cuban takes off the muzzle and responds to SEC case
SiliconBeat » O’Brien —
... filed an insider trading case against Cuban. The feds claimed Cuban received confidential information from the CEO of Mamma.com and turned around and dumped his shares, saving $750,000 when the stock dropped the next day. ...
