On November 17, it became public that SEC has filed insider trading charges on Mark Cuban, billionaire dot-com entrepreneur turned Dallas Maverick's owner and short-listed bidder for Chicago Cubs. Cuban's legal counsel, Ralph Ferrara has responded to the charges on his behalf. There were statements made by Cuban that are key to the charges that Cuban is fully aware that acting on his given insider information to sell his ownership of Mamma.com is not allowed. Yet, Cuban's high-paid legal counsels might be able to get Cuban out of this situation. Cuban responded to SEC that there were no confidentiality agreement with Mamma.

PREDICTION: Cuban acquitted of insider trading charges by end of 2009. Favorable judgment can be made the earlier of acquittal, the case dropped by SEC/ or the District Court.

Reference article:
http://thestandard.com/news/2008/11/17/mark-cuban-charged-insider-tradin...
http://clusterstock.alleyinsider.com/2008/11/mark-cuban-insider-trading-...
http://online.wsj.com/public/resources/documents/WSJ-20081117-seccubanco...
http://clusterstock.alleyinsider.com/2008/11/is-that-legal-how-the-insid...
http://www.msnbc.msn.com/id/27792102/