SEL: SEC Launches Formal Investigation of Mamma.com

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April 13, 2005

SEC Launches Formal Investigation of Mamma.com

Looks like Mark Cuban may have seen this coming when he decided to sell his holding in Mamma.com.

"The company believes that as part of its investigation, the SEC may consider matters related to trading in the company's securities and whether an individual and persons acting jointly or in concert with him may have had a significant influence on the Company in the past as a result of undisclosed shareholdings," Mamma.com said.

Andy Beal | permalink | +marktd |

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