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September 30, 2013 AT 2:23 PM
Billionaire owner of the Dallas Mavericks basketball team, Mark Cuban, goes to trial over regulators' claims he engaged in insider trading when he sold his stake in a Canadian Internet search company nine years ago. The U.S. Securities and Exchange Commission in 2008 accused Cuban of acting on confidential information when he unloaded his 600,000 shares of Mamma.com four years earlier, just before it announced a private placement of shares.