Mark Cuban Faces SEC Deposition Today(Insider Trading)

[Guest ValueCarl]

http://finance.yahoo.com/news/mark-cuban-faces-sec-deposition-051700707.html;_ylt=AokJ0jmSNmd8zS9HIdY_BpSiuYdG;_ylu=X3oDMTQ0ZDFqdDQwBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZjQ5OTdhMWYtMDNlYy0zYmI5LWEyNmEtNjQwMWRlYWQ4ZmE0BHBvcwM1BHNlYwN0b3Bfc3RvcnkEdmVyAzdhYjkwZWIwLTUzZTUtMTFlMS1hZWZmLTM4ZDFkMTU2YjRiMA--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

 

 

Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, has been ordered to appear at the U.S. Securities and Exchange Commission today to face questions related to the agency's insider trading lawsuit against him.

Cuban has been fighting for more than three years against SEC claims that he traded on confidential information when he sold his stake in Mamma.com, a Canadian Internet search company now known as Copernic Inc., just before it announced a private placement of shares. He's scheduled to be deposed by SEC investigators at 9 a.m. at the agency's regional office in Fort Worth, Texas, according to a Jan. 13 federal court filing in Dallas.

[JEast]

For the old school Fairfax holders, recall that Mr. Cuban stated on his blog that (to paraphrase) 'Fairfax was the best short he had ever seen.'  I always wondered where the source that he was getting his information from.  Most of us now have a good idea of the source :)

 

 

Cheers

JEast

[Grenville]

For the old school Fairfax holders, recall that Mr. Cuban stated on his blog that (to paraphrase) 'Fairfax was the best short he had ever seen.'  I always wondered where the source that he was getting his information from.  Most of us now have a good idea of the source :)

 

 

Cheers

JEast

 

Thanks for that piece of info re Fairfax. Always interested in understanding the web.