Dallas Mavericks owner Mark Cuban woke up this morning happy that his Mavs outlasted the Knicks in overtime last night to snap their three-game losing streak. Then things got bad.
The Securities and Exchange Commission has filed insider trading charges against Cuban, claiming that he dumped his 6% share of Mamma.com in 2004 after learning the site was raising money through a private venture. The information helped Cuban avoid the loss of $750,000, according to the SEC. If you feel like reading a nine-page .pdf of the complaint, here it is.