And as The Wall Street Journal notes in a just-posted piece about the Fifth Circuit Court of Appeals' decision to vacate the initial ruling, the judges have indeed decided that "there was 'more than a plausible' basis to find that Mr. Cuban agreed not to trade stock in Mamma.com, an Internet search company, after speaking to the company's executives and learning about a private stock offering." The court has kicked the complaint back to the lower court "for further proceedings including
discovery, consideration of summary judgment, and trial, if reached." The ruling, which just went up on PACER, follows.
KEEP THE DALLAS OBSERVER FREE...
Since we started the Dallas Observer, it has been defined as the free, independent voice of Dallas, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.