Accuses SEC of Telling “Lie After Lie.”
In a recent Washington Post article, Mark Cuban–owner of the Dallas Mavericks, owner of Landmark Theaters, and a regular on the “Shark Tank” TV show–won a jury trial against the SEC, which had claimed Mr. Cuban ordered the sale of his holdings in Mamma.com after he had obtained inside information.
Mr. Cuban turned down a $2 millon settlement and beat the charges, afterwards indicating that the SEC told “lie after lie.” The legal price tag for defending himself? $12 million, according to the article.