Insider Trading

Mark Cuban: The Government’s Claims Of Insider Trading Are False

Authored by Mark Cuban on November 18, 2008 - 5:38am.

UPDATED. I wish I could say more, but I will have to leave it to this, and let the judicial process do its job.
November 17, 2008
RE: SEC Civil Action in the United States District for the Northern District of Texas, Dallas Division.
Mark Cuban today responded to a civil complaint filed by the United States Securities and Exchange Commission in the United States District for the Northern District of Texas, Dallas Division. In its complaint, the Commission charges that Mr. Cuban engaged in violations of the federal securities laws in connection with transactions in the securities of Mamma.com Inc.

Two Charged With Insider Trading in Connection With c to Sirius

Authored by Mark Hefflinger on December 20, 2005 - 7:18am.

Washington - Radio shock jock Howard Stern's former accountant has pleaded guilty to insider trading in connection with information he received about Stern's move to Sirius Satellite Radio. Gary Herwitz, formerly of Mahoney Cohen & Co., now faces up to 16 months in prison for buying shares of Sirius, after Stern told him in confidence that Sirius had made him an offer. The Securities and Exchange Commission (SEC) also charged Herwitz and a former Sirius executive with insider trading, also for acting on information before the Sirius deal was made public. Both Herwitz and former Sirius executive Tracey Stanyer settled the SEC charges and agreed to pay fines without admitting wrongdoing.

tags: Law | Sirius | Insider Trading |