October 18, 2013

Mark Cuban Defense Verdict Highlights Difficulty of Proving “Misappropriation” Theory of Insider Trading

Summary: On October 16, 2013, a Texas jury ruled in favor of entrepreneur Mark Cuban in his ongoing insider trading lawsuit with the SEC. The defense verdict highlights the difficulty of establishing liability under on the "misappropriation" theory of insider trading based on agreements to keep material nonpublic information confidential.

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