Mark Cuban on Trial for Insider Trading

Mark Cuban, the billionaire owner of the Dallas Mavericks, is set to go on trial Monday to face civil charges that he committed insider trading in shares of a little-known internet search company nearly a decade ago. Cuban, 55, is accused of selling his 600,000 shares of the former Mamma.com Inc on June 28 and 29, 2004, soon after learning from Chief Executive Guy Faure that the company was planning an equity offering that could dilute his 6.3 percent stake. Cuban has maintained that he did nothing wrong, and that any information he may have received was neither confidential nor material enough to trigger an insider trading violation.

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