Corporate Governance

The SEC Requests Chief Judge Close Case Against Mark Cuban

By Joseph Aguilar

Yesterday the SEC requested Chief Judge Sidney Fitzwater close the case against Mark Cuban. Last month the Chief Judge ruled against the agency in its insider trading charges and granted Cuban's motion to dismiss. However, the SEC had thirty days to re-file a new complaint with stronger charges. The agency's attorneys decided to forego that option by asking to close the case, leaving the opportunity to appeal the motion to dismiss. The agency has thirty days to appeal Chief Judge Fitzwater's decision. As part of our continuing coverage of the case, we shall update when the SEC makes its decision.

Full post as published by The Race to the Bottom on August 13, 2009 (boomark / email).