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Billionaire Mark Cuban cleared of insider-trading charges
Billionaire Mark Cuban cleared of insider-trading charges

Mark Cuban, the billionaire owner of the NBA's Dallas Mavericks, won a lengthy fight with the Securities and Exchange Commission on Wednesday when a Texas jury cleared him of insider-trading charges. The SEC had accused Cuban of using non-public information about Mamma.com, a Canadian Internet company, to make trades that helped him avoid about $750,000 in losses. Cuban, 55, denied the charges during testimony at the federal courthouse in Dallas. A nine-member jury deliberated about four hours before clearing Cuban. The SEC had sued Cuban, seeking a fine equivalent to the losses Cuban avoided by selling shares of the search-engine company in 2004. Photos: Top 10 Southern California...

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