Say what you will about Mark Cuban, you gotta respect a guy that drops $20 million to take on the SEC at trial when a settlement would’ve likely cost him a mere $2 million. Cuban contested the SEC’s allegations that he engaged in inside trading and won. He’s fortunate to be rich. As Cuban himself acknowledged, “I’m glad I’m able to be the person who can afford to stand up to” the SEC.
The kicker to Cuban’s trial is that the SEC apparently based their entire case on a single witness that couldn’t be subpoenaed to testify because he lived in Canada. That, my friends, is called JV lawyering.