The Cuban v. the SEC saga continues.
Mark Cuban has been using a couple of the most interesting defenses in this case. In fact, if he succeeds (without settlement), this could turn the insider trading rules on end.
Cuban is not afraid to go head to head. At the end of the day, it is better for Mark Cuban. He is a bright aggressive guy.
I do fear the abuse that will come should Mark Cuban succeed with his arguments. Mark, please consider that. SEC, please consider that. You don’t want to let that genie out. It will be free reign on Wall Street.
The clash between the SEC and Cuban grew stranger with the release of e-mails between Cuban and Jeffrey Norris, a trial lawyer in the SECs Fort Worth office. Cuban and Norris engaged in an acrimonious e-mail exchange about a movie studio co-owned by Cuban that considered distributing a film suggesting that the U.S. government had a role in the Sept. 11 terrorist attacks.