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Posted AT 10:29 PM EST on 17/11/08

SEC charges Cuban over share sale

From Tuesday's Globe and Mail

The U.S. Securities and Exchange Commission charged Dallas Mavericks owner and technology entrepreneur Mark Cuban yesterday with illegal insider trading in connection with a stock sale in June, 2004. The SEC alleged in documents that Mr. Cuban sold 600,000 shares of Montreal-based Mamma.com Inc. – now known as Copernic Inc. – after learning from executives that the Internet search engine company planned to make a public stock offering.

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