The decision in the Dallas Mavericks owner’s trial came this afternoon. From WFAA:
The jury in federal court found that the SEC failed to prove several key elements of its case, including that Cuban traded on nonpublic information.
The nine-member jury deliberated for about four hours.
The Securities and Exchange Commission accused Cuban of using inside information to sell $7.9 million of stock in Mamma.com after he learned confidentially of a stock offering that would send the share price down.
So Mark Cuban is not guilty of that crime. Yet he’s still never been brought to justice for The Benefactor.