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...Mark Cuban, the guy, is just a shareholder - he has no obligation," says Jonathan Macey, a professor of securities law and deputy dean at the Yale School of Management. "The critical question is if anything happened in that phone call that gave rise to a promise." Under an SEC rule adopted in 2000, if Cuban agreed to keep the information confidential, then he had a "duty of trust or confidence...
...company trying to take over the baking-products outfit. The court found that using such confidential information "constitutes fraud akin to embezzlement - the fraudulent appropriation to one's own use of the money or goods entrusted to one's care by another." (Read TIME's 10 Questions with Mark Cuban...
...Well, now I'm screwed. I can't sell.' MARK CUBAN, Dallas Mavericks owner, in a 2004 call with the CEO of Mamma.com about the company's shares; Cuban faces charges of insider trading for selling his stock after the conversation to avoid a $750,000 loss...
...Stevens, 85, celebrated two milestones Nov. 18: his birthday and a goodbye to the Alaska Senate seat he held for 40 years, longer than any other Republican in history. Two weeks after the election, a tally of the remaining ballots in the close race gave his opponent, Democrat Mark Begich, a nearly 4,000-vote lead...
Aside from Gordon-Reid, the winners of the night were Judy Blundell, who claimed the prize for young people’s literature; Peter Matthieson, whose book “Shadow Country” won in the fiction category, and Mark Doty, who won the award for poetry...