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July 17, 2009
SEC complaint against Cuban dismissed
Last year, we blogged about the SEC going after one of our favorite marketing-driven entrepreneurs, Mark Cuban, and the selling of his interest in Mamma.com.
Today, a federal judge dismissed the complaint, giving the SEC 30 days to file an amended version, but overall striking a blow to the SEC's action. The judge also rejected some of Cuban's claims about his fiduciary relationship with the company.
Cuban hates to lose, and the judge's decision is definitely one for Cuban's win column.
Other blogs that reference SEC complaint against Cuban dismissed:
People can really get out of anything with good enough lawyers,
thanks god for technicalities
Well, I wouldn't say he's out of the woods, yet. He'll have to sweat it out for 30 more days.
