Some context: Joe Frazier was the 12th child born to Dolly Alston-Frazier and Rubin in Beaufort, South Carolina. He was raised in a rural community of Beaufort called Laurel Bay. Frazier said he was always close to his father, who carried him when he was a toddler "over the 10 acres of farmland" the Fraziers worked as sharecroppers "to the still where he made his bootleg corn liquor, and into town on Saturdays to buy the necessities that a family of 10 needed." Young Frazier was affectionately called "Billie Boy."
According to an article from The New York Times, "over the years, Frazier has lost a fortune through a combination of his own generosity and naivete, his carousing, and failed business opportunities. The other headliners from his fighting days--Ali, George Foreman, and Larry Holmes--are millionaires." Asked about his situation, Frazier became playfully defensive, but would not reveal his financial status. "Are you asking me how much money I have?" he said. "I got plenty of money. I got a stack of $100 bills rolled up over there in the back of the room." Frazier blamed himself, partly, for not effectively promoting his own image. In a 2006 HBO documentary on the fight in Manila, Frazier was interviewed living in a one-room apartment on the second floor of his gym. His daughter Jackie Frazier-Lyde is a lawyer and worked on her father's behalf in pursuit of money they claimed he was owed in a Pennsylvania land deal. In 1973, Frazier purchased 140 acres in Bucks County, Pennsylvania for $843,000. Five years later, a developer agreed to buy the farmland for $1.8 million. Frazier received annual payments from a trust that bought the land with money he had earned in the ring. However, when the trust went bankrupt, the payments ceased. Frazier sued his business partners, insisting his signature had been forged on documents and he had no knowledge of the sale. In the ensuing years, the 140 acres was subdivided and turned into a residential community. The land is now worth an estimated $100 million.
did the court rule in joe's favor?
A:
Some context: Cuban was born in Pittsburgh, Pennsylvania. His father, Norton Cuban, was an automobile upholsterer, while Cuban has described his mother, Shirley, as someone with "a different job or different career goal every other week." He grew up in the suburb of Mount Lebanon, in a Jewish working-class family. His paternal grandfather changed the family name from "Chabenisky" to "Cuban" after his family emigrated from Russia through Ellis Island.
On November 17, 2008, it was reported that the U.S. Securities and Exchange Commission (SEC) filed a civil suit against Cuban relating to alleged insider trading in the shares of Mamma.com, now known as Copernic. A stock dilution occurred shortly after a trade in June 2004, giving hints of inside knowledge at the time of the trade, and Cuban allegedly was saved from a loss of $750,000. The SEC claimed that Cuban ordered the sale of his holdings in Mamma.com after he had been confidentially approached by the company to participate in a transaction likely to dilute shares of current shareholders. Cuban disputed the charges, saying he had not agreed to keep the information secret. On his blog, Cuban contended the facts were false and that the investigation was "a product of gross abuse of prosecutorial discretion". DealBook, a section of The New York Times, reported through an anonymous source that Cuban believed the investigation was motivated by an SEC employee having taken offense to his interest in possibly distributing the film Loose Change. In July 2009, the U.S. District Court dismissed the charges against Cuban, and the SEC appealed. In September 2010, an appeals court said that the district court had erred and that further proceedings would be necessary to address the merits of the suit. A federal jury in Texas found in favor of Cuban on October 16, 2013. The nine-member jury issued the verdict after deliberating 3 hours and 35 minutes. In March 2014, Cuban was on air at CNBC criticizing high-frequency trading (HFT). Those against HFT, such as Cuban, believe the technology is equivalent to automated insider trading.
What allegation was made against Mark Cuban?
A:
(SEC) filed a civil suit against Cuban relating to alleged insider trading in the shares of Mamma.com, now known as Copernic.