Chief Judge Sidney Fitzwater said in a 35-page ruling released Friday that the SEC had failed to prove that Cuban, who owns the Dallas Mavericks, “undertook a duty of non-use of information required to establish liability under the misappropriation theory of insider trading.”
As the SEC has 30 days to amend the complaint, further comment by me would be inappropriate until the deadline has passed. Here is the ruling.(PDF).
July 17th, 2009 at 3:59 pm
CONGRATS! Score one for the common man against big brother! We were rooting for y'all in this.
July 17th, 2009 at 6:44 pm
B"H -Very happy for your family.
July 18th, 2009 at 4:24 am
Congrats to you and family Brian:))) Bob and April Guccione
August 3rd, 2009 at 5:51 am
I really hearty congratulate to you and your family.
August 6th, 2009 at 11:35 pm
congrats! sounds like a bunch of heresay, posturing and lack of substantial evidence that isn't…once again, heresay…