Mark Cuban Continues Testimony at Dallas Trial 10/7/13
DALLAS - Billionaire and Dallas Mavericks owner Mark Cuban says he generally doesn't agree to treat as confidential information what people tell him about investments.
Cuban made the comment Monday at his insider-trading trial in Dallas to counter a government claim that he broke a secrecy vow in 2004 when he unloaded his shares in a Canadian Internet company.
The government says Cuban avoided $750,000 in losses by selling his stock on insider information. The Securities and Exchange Commission sued Cuban.
Also, Cuban detailed his concern over connections between Mamma.com Inc. and a convicted stock swindler, Irving Kott. Cuban's lawyer offered emails indicating he raised questions with company officials and spoke with FBI and SEC officials about Kott.