It's Cuban's Turn at Insider-Trading Trial 10/3/13
DALLAS- 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
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.