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Cuban case dismissed
Updated: August 21, 2010, 12:42 AM
DALLAS — A federal judge dismissed a civil insider-trading lawsuit against Dallas Mavericks owner Mark Cuban, dealing the Securities and Exchange Commission a rare high-profile setback.
U. S. District Judge Sidney A. Fitzwater ruled that the SEC could not hold Cuban liable for insider trading because the agency didn’t allege the billionaire had agreed not to trade based on confidential information he received about an Internet search engine company, Mamma.com Inc.
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