Jury says Cuban did not commit insider trading
miamiherald.com
Jury says Cuban did not commit insider trading
1–10 of 79 posts
Re: Jury says Cuban did not commit insider trading
#2Here's a video of the press conference after the verdict: http://www.youtube.com/watch?v=F82EHPP3bkM
Re: Jury says Cuban did not commit insider trading
#3Methinks he actually committed insider trading. But when you own the City's popular basketball team, bring home a championship and bankroll citywide celebrations no jury will convict you!
Re: Jury says Cuban did not commit insider trading
#4Glad to see this is over for Mark. Definitely worth noting he spent far more on his lawyers to win this case than what it would have cost him to just pay the fines and have the SEC get a quick win for bullying.
I think he proved a major point today in how the SEC has no transparency and if not for his money, he wouldn't have had any choice but to lay down for them. It's a broken system.
Good for him!
Re: Jury says Cuban did not commit insider trading
#5Methinks he actually committed insider trading. But when you own the City's popular basketball team, bring home a championship and bankroll citywide celebrations no jury will convict you!
+1
Given the circumstances, it sure looks like insider trading. ..
Re: Jury says Cuban did not commit insider trading
#6Guess he gave the NSA whatever they wanted after all.
Re: Jury says Cuban did not commit insider trading
#7And people wonder why the government never brought anyone to trial for the recent financial collapse.
I don't know anything about Mark Cuban, but loosing this case will certainly demoralize them. It's really really hard to convict people and they eventually stop trying.
Re: Jury says Cuban did not commit insider trading
#8He got off because it was ultimately a question of his word against the word some other guy. And the other guy had an axe to grind. And Cuban is very popular in Dallas, being the owner of the local basketball team. So the jury decided there is not enough evidence to indict.
But if I were Cuban I would not complain to loudly about being hounded by the SEC. Fact of the matter is his selling right before the PIPE was announced was very lucky and those type of coincidences rarely happen in real life.
Re: Jury says Cuban did not commit insider trading
#9Guess he gave the NSA whatever they wanted after all.
For those downvoting the parent comment, read the following to get the joke:
Re: Jury says Cuban did not commit insider trading
#10Glad to see this is over for Mark. Definitely worth noting he spent far more on his lawyers to win this case than what it would have cost him to just pay the fines and have the SEC get a quick win for bullying. I think he proved a major point today in how the SEC has no transparency and if not for his money, he wouldn't have had any choice but to lay down for them. It's a broken system. Good for him!
How do you figure this was SEC bullying? Looks like a clear cut case of insider trading to me.