On September 21st, the Fifth Circuit vacated the dismissal of the SEC's insider trading case against Mark Cuban, owner of the Dallas Mavericks. The SEC plausibly alleged the existence of an understanding between Cuban and the CEO of a company in which Cuban invested which provided that Cuban would not trade in the company's stock and would keep the company's PIPE offering confidential. SEC v. Cuban. On September 22nd, the Federal District Court for the District of Columbia partially granted Cuban's motion for summary judgment on his claim the SEC failed to adequately search for and produce documents in accordance with FOIA and the Privacy Act. Cuban v. SEC.