Pursuits
Mark Cuban Loses Bid for Judgment Ending SEC Insider Suit
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Billionaire Mark Cuban lost his bid for a court order ending a U.S. Securities and Exchange Commission lawsuit that accuses him of insider trading.
The regulator sued in 2008, accusing the owner of the National Basketball Association’s Dallas Mavericks of illegally selling his stake in the Internet search company Mamma.com Inc. in June 2004 after gaining insider information from its then-chief executive officer, Guy Faure.