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Cuban didn't commit insider trading

Updated: October 16, 2013, 4:02 PM ET
Associated Press

DALLAS -- Jurors said Wednesday that Dallas Mavericks billionaire owner Mark Cuban did not commit insider-trading when he sold his shares in an Internet company in 2004 after learning of a development that would dilute the value of his investment.

The jury in federal district court in Dallas found that the Securities and Exchange Commission failed to prove several key elements of its case, including that Cuban traded on nonpublic information.

The nine-member jury deliberated for ...

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