A twist to the Cuban SEC insider trading complaint.

by DitchThePlaybook on Nov 17, 2008 10:28 PM CST

As most of you are already familiar, the Securities and Exchange commission filed a complaint about the sale of stock in a company using insider information in 2004.

Floyd Norris, the chief financial correspondent of The New York Times and The International Herald Tribune, has an article in the NY Times that suggests that the complaint may have been pursued as the result of political revenge from supporters of the Bush administration.

The article reveals what's claimed to be an email sent by Jeffrey Norris, an S.E.C. lawyer in the Fort Worth regional office to Mark Cuban. The email taunts Cuban about the filing and seems to suggest that his support of the movie Loose Change may be related to the commission's decision to file the complaint.

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Cuban has another blog post up trying to win public opinion by presenting evidence of his innocence. Obviously it’s for the courts to decide, but the case is not as clear cut as the SEC makes it out. (Note here is part 1). I also found this post on BusinessAssociationsBlog.com via AJM of Lone Star Ball.

Signature! I don't need no stinking signature!!

by DerekSTheRed on Nov 18, 2008 12:07 PM CST reply actions