Mark Cuban Cleared in Insider-Trading Case

A federal jury cleared Mark Cuban of insider trading Wednesday after three and a half hours of deliberations, handing the billionaire a resounding victory five years after the government brought its charges.

The Securities and Exchange Commission had sued Mr. Cuban in civil court, alleging that he traded on material, nonpublic information when he sold his investment in Canadian Internet search company Mamma.com in June 2004 before it announced a private offering of shares that caused its stock to drop. Mr. Cuban denied the allegations and said after the verdict that he spent more on his defense than it would have cost to settle the case.

Read the rest of this post on the original site »


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »