mamma.com | KERA News

mamma.com

BJ Austin / KERA News

A Dallas federal jury found this afternoon that billionaire Mark Cuban did not commit insider trading.

After nearly four hours of deliberations, a jury of seven women and two men cleared Cuban on all counts, saying the government did not prove that the Dallas Mavericks owner had received confidential information from the CEO of mamma.com.

The Securities and Exchange Commission had accused Cuban of using confidential information to dump his shares of mamma.com and avoid losing $750,000.