BUSINESS

Mark Cuban Asks Court To Dismiss Insider Trading Charges

02/15/2009 05:12 am ET | Updated May 25, 2011

NEW YORK (Reuters) - Billionaire basketball team owner Mark Cuban is asking a U.S. court to dismiss insider trading charges brought against him by the U.S. Securities and Exchange Commission.

In a filing with the U.S. District Court for the Northern District of Texas, Cuban's lawyers argued that Cuban had no fiduciary or similar duty of trust to the company in question -- Mamma.com, now known as Copernic Inc -- and therefore could not be guilty of insider trading.

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