DALLAS — Mark Cuban was uncharacteristically reserved when he appeared in a federal courtroom Tuesday to hear attorneys argue the merits of the Securities and Exchange Commission’s case against him for insider trading.
Sitting in the front row of the gallery with members of his legal team, the Dallas Mavericks owner wore a black suit instead of a T-shirt and jeans, his game-night attire, and his mood rarely seemed to change as he listened while attorneys argued his motion to have the case dismissed.
After the one-hour hearing, which ended without a decision from U.S. District Judge Sidney A. Fitzwater, the normally animated and combative billionaire declined to comment about the case. “Just write about how good I look in my suit,” he said outside the courtroom. “I haven’t worn it in 20 years.”
The SEC alleges that Cuban was involved in illegal insider trading when he sold shares in an Internet search-engine company, Inc., after receiving confidential information about a private offering in 2004. The Associated Press; AP photo
