On March 5th, a U.S. District Court denied the motion for summary judgment filed by Mark Cuban, the owner of the Dallas Mavericks, in an SEC enforcement action. The SEC claims Cuban misappropriated inside information concerning Mamma.com's plans for a private-investment-in-public-equity offering. The Court found that genuine issues of material fact exist regarding whether Cuban agreed, at least implicitly, to maintain the confidentiality of that information and to not trade on it. The Court further held that a jury could impute the existence of such an agreement from the parties' conduct and the surrounding circumstances. SEC v. Cuban.