Frager Factor

Tuesday, March 05, 2013

Billionaire accused of insider trading in Mamma.com

In its November 2008 lawsuit, the SEC accused Shark Tank's Mark Cuban of selling his 6.3 percent stake in Mamma.com Inc for about $8 million in June 2004 after learning that the Montreal-based search engine company had been planning a stock offering.

The regulator said Cuban was able to avoid more than $750,000 of losses on his sale of 600,000 Mamma.com shares.  MORE

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