Sunday, August 1, 2021
82.2 F
Fort Worth

It’s Cuban’s turn at insider-trading trial

🕐 1 min read

DALLAS (AP) — The headliner on the bill is to take the stage as Mark Cuban is scheduled to testify in the trial of the federal insider-trading case against him.

The jury verdict in the trial of the Securities and Exchange Commission lawsuit could come down to whether jurors believe the billionaire Dallas Mavericks owner’s account of a 2004 phone call.

Cuban is likely to say Thursday that he never promised to refrain from selling his shares in an Internet company after learning news that would cause their value to fall.

The CEO of the Canadian search-engine company says Cuban agreed that he would be learning confidential information from him. The SEC says that’s key to its contention Cuban knew he couldn’t trade on inside information when he unloaded 600,000 shares.

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate