In my Lee Hindin Blog post of the day I thought I would offer my two cents on how it is nice to see the legal system work. While I fully respect the job the SEC does and has to do to protect against insider trading and other offenses that cause imbalances and manipulations of the Market, it was nice to see Mark Cuban have the resources to take this issue to Court and prove his innocence.
“Cuban, 55, hugged his lawyers after the verdict, then called family members. During an impromptu news conference outside the courthouse, he angrily denounced the SEC and its lead trial attorney, Jan Folena, saying that they lied about the evidence and targeted him because of his fame. He said that defendants of lesser wealth could have been bullied”. (read full article here) Those of us who know the costs of the legal system can clearly relate to Cuban’s sentiments and feelings.
I have had the pleasure of doing business with Mark. While I would not call us close by any means or say that my business experience with Mark and his organization is proof alone of his innocence in this matter; I can say that he has always been honest, hard charging for what he believes in, and most importantly always conducted himself in an honorable and above board manner in my dealings with him.
I was not surprised it took the jury only one hour to come back with a NOT GUILTY verdict. I also found it refreshing and not surprising that Mark called it as he saw it. He stood up and fought for the principle, and for his innocence rather than taking the easy way out by paying a fine with a minor slap on the wrist and making it all go away.
Here is to you Mark, congratulations on your acquittal and for showing us all that it is always best to stand up for the truth and for what you believe in regardless of cost or public opinion.