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Judge tosses insider-trading suit against Cuban

A U.S. District judge in Dallas has thrown out the insider-trading lawsuit filed against Mark Cuban, the Broadcast.com co-founder and owner of the HDNet channel.

Cuban, who also owns the Dallas Mavericks of the National Basketball Association, may not be in the clear just yet, according to a report in Bloomberg. While U.S. District Judge Sidney Fitzwater on Friday granted Cuban's request to dismiss the suit, filed in November, he will allow the U.S. Securities and Exchange Commission to refile charges if it meets a certain criteria.

One of the biggest celebrities to come out … Read more

Mark Cuban says no confidentiality agreement broken

Mark Cuban is not one to hush up in the face of controversy or for that matter, let others get the last word in.

The owner of the pro basketball's Dallas Mavericks and founder of Broadcast.com has responded again to the insider-trading charges filed against him by the Securities and Exchange Commission.

The SEC accuses Cuban of selling his shares in Internet-search firm Mamma.com in 2004 after acquiring nonpublic information and avoiding a $750,000 loss. The feds charge that Cuban made an agreement with Mamma.com's CEO to not disclose the information about a future … Read more