Thursday, August 13, 2009

SEC Says It Will Not Re-File Against Mark Cuban

The SEC hold a federal judge yesterday that it will not be re-filing its complaint for insider trading against Mark Cuban. The complaint was dismissed earlier, and the SEC had 30 days to refile.

While this is great news for Mr. Cuban, the party doesn't start until another 30 days passes and we find out if the SEC decides to appeal the dismissal.

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