Posted Mar 5, 2013 12:51 PM
DALLAS (AP) -- A federal judge has denied a request by Dallas Mavericks owner Mark Cuban to throw out a civil lawsuit accusing him of insider trading.
U.S. District Judge Sidney Fitzwater issued an order Tuesday rejecting Cuban's request for summary judgment against the Securities and Exchange Commission.
The SEC accused Cuban in 2008 of selling shares in Internet search company Mamma.com after receiving confidential information about a private stock offering at a discounted rate. The SEC's lawsuit says Cuban avoided losses of more than $750,000 by selling when he did.
Cuban has fought the charges and says he never agreed to confidentiality when he received a call from the company CEO in 2004.
Fitzwater said the SEC has enough evidence for a jury to look at the case. Cuban declined to comment.
NBA.com's Steve Aschburner takes a look at how five Kevins have impacted the Timberwolves' franchise history.
|Pistons vs. Heat|
Kyle Singler scores 18 points, Rodney Stuckey and Greg Monroe each add 16 points as the Pistons defeat the Heat.
|Warriors Sick Comeback|
The Warriors overcame a 18-point fourth-quarter deficit to win 112-103 over the Raptors on Tuesday!
|Victor Oladipo's triple double highlights|
Victor Oladipo recorded a triple-double (26 points, 10 rebounds, 10 assists) in a double overtime loss against the Sixers on Tuesday!
|Carter-Williams vs. Oladipo Duel|
Michael Carter-Williams and Victor Oladipo made NBA history with the first time two rookies recorded a triple-double in the same game.