Mark Cuban Accused Of Insider Trading By The SEC

Mark Cuban, Dallas, Texas-based entrepreneur, was charged yesterday with insider trading in a civil suit filed by the SEC. According to the complaint, Cuban, who owns the Dallas Mavericks, sold 600,000 shares of the search engine Mamma.com in June 2004, right before the stock was to be diluted. Cuban, who denied the charges in a written statement issued by his attorney, Ralph C. Ferrara, Esq. of Washington, DC-based Dewey & LeBoeuf.

See the SEC complaint here.

Read the litigation release here.

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