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  • Mark Cuban Faces SEC Deposition in Trading Probe

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Mark Cuban Faces SEC Deposition in Trading Probe

Feb. 10 (Bloomberg) -- Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, has been ordered to appear at the U.S. Securities and Exchange Commission today to face questions related to the agency’s insider trading lawsuit against him. Cuban has been fighting for more than three years against SEC claims that he traded on confidential information when he sold his stake in Mamma.com, a Canadian Internet search company now known as Copernic Inc., just before it announced a private placement of shares. Betty Liu reports in today's Movers and Shakers on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Bloomberg | February 10, 2012Watch more videos from Bloomberg

Tags:. .placement. .deposition. .shakers. .liu. .movers