We are not Cuban fans. This should come as no surprise to long-time Dealbreaker readers. Be this as it may, we cannot, without comment, let pass the noise that is the SEC's case against Cuban for "insider trading." In fact, we might go so far as to say that the prosecution of Cuban is demonstrative of everything that is wrong with the SEC.
The SEC's complaint fails to show that Cuban was barred from selling shares of Mamma.com Inc. in 2004 and seeks to expand the definition of insider trading, Ralph Ferrara, one of Cuban's attorneys, told US District Judge Sidney A. Fitzwater in Dallas yesterday.
It seems almost expected that the "up only" philosophy of the markets would victimize the likes of Cuban. He's everything the SEC hates. Outspoken. Possessed of a following. Short.
Cuban Asks For Dismissal [The New York Post]