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U.S. District Judge Fitzwater Dismisses SEC's Insider Trading Case Against Mark Cuban

By Robert Wilonsky in News You Can Actually Use, Actually

Friday, Jul. 17 2009 @ 9:46AM

This morning, U.S. District Judge Sidney Fitzwater dismissed the Securities and Exchange Commission's complaint that Mark Cuban violated insider-trading laws in 2004, when he sold off $750,000 in Mamma.com stock. Why the heave-ho? You know what, just read the judge's opinion and order for yourself, which I've included below. The SEC has 30 days to refile, should it so choose.

Fitzwater Dismisses SEC Complaint Against Cuban