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Source: Insider trading charge makes Cuban's Cubs bid uncertain

Posted by sumib 1179 days ago, popular 1179 days ago (http://www.bizjournals.com)
Category: Stocks | Tags: insider trading
The Securities and Exchange Commission's allegation of insider trading against Mark Cuban could stall the Dallas billionaire’s bid for the Chicago Cubs.
So says Phillip Stern, an attorney with the Chicago-based law firm of Neal, Gerber & Eisenberg LLP. The civil lawsuit filed against Cuban in federal district court in Dallas could impact the Cubs deal to the extent that it causes parties involved in the negotiations to question the person’s integrity, he said.
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