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Flamboyant billionaire Mark Cuban on Wednesday was cleared by a Texas jury of using a private tip to avoid a big loss on his 2004 sale of Internet company shares air jordan 6 gatorade green suede mens , in a stinging rebuke for the U.S. government which had accused him of insider trading.


Cuban, 55, the owner of the Dallas Mavericks basketball team, lashed out at the U.S. government and lead prosecutor Jan Folena after the verdict, saying the government had tried to bully him.


"Jan Folena air jordan 6s gatorade green mens , who represents the United States of America, stood up there and lied," an angry Cuban told reporters after the nine-member jury read its decision.


"I'm the luckiest guy in the world and I'm glad I could stand up to them," he said.


Estimated by Forbes magazine to have a net worth of $2.5 billion, Cuban was accused by the U.S. Securities and Exchange Commission of trading on non-public information when he sold his 600 air jordan 6 gatorade green mens shoes ,000 shares in Internet search company Mamma - worth $7.9 million - and avoided a $750,000 loss.


The SEC brought the civil lawsuit against Cuban in November 2008. A judge dismissed the suit in 2009 but an appeals court revived the case the following year.


Cuban refused to settle the case and went to trial, even though he said on Wednesday that he had spent more on fees for lawyers than the possible fines for admitting to insider trading. He could have faced up to $2 million in fines, his lawyers said.


"It's personal. You take all these years of my life, it's personal cheap air jordan 6 gatorade green mens ," Cuban said.


SEC lawyers rushed from the court after the verdict without making extensive comments. The agency later issued a short statement saying it was disappointed by the outcome.


"We respect the jury's decision," SEC spokesman John Nester said in Washington.


"While the verdict in this particular case is not the one we sought, it will not deter us from bringing and trying cases where we believe defendants have violated the federal securities laws."


The decision in the Cuban case was a blow to the SEC, which was still riding high after it won a blockbuster case against former Goldman Sachs vice president Fabrice Tourre this summer.


The SEC argued that Tourre had committed fraud in a failed mortgage securities deal during the 2008-2009 financial crisis. In August, a jury agreed and found Tourre liable on six of seven counts.


At the two-week trial of Cuban air jordan 6 gatorade green mens for sale , prosecutors argued that he sold his stake soon after learning from Mamma Chief Executive Guy Faure that the Montreal-based company was planning a private placement that would dilute his holdings in the company.


Mamma shares dropped 9.3 percent on the morning after the offering was announced. By that time, Cuban had already sold his shares.


Cuban, who rose to prominence before the dot-com crash by selling his company, Broadcast, in 1999 to Yahoo Inc for $5.7 billion air jordan 6 gatorade green mens , said he did nothing wrong when he sold his 6.3 percent stake in Mamma.


Cuban testified during the two-week trial that there were many reasons for selling his shares, including the private placement and Mamma's possible association with a known stock swindler.


His lawyers suggested that word of the private placement had leaked into the market because potential investors were being contacted to participate in the private placement.


"This case should have never been brought to trial," Cuban's defense lawyer Stephen Best said after the verdict on Wednesday in federal court in Dallas.


In addition to his ownership of a professional basketball team, Cuban is one of the stars of the popular television show "Shark Tank" which features financiers analyzing and deciding whether to invest in new products presented by entrepreneurs.


"I know I'm a target," Cuban said of his high profile. "I recognize that when I do things people pay attention."


(Agencies)


LONDON jordan 6 gatorade green mens retail , Nov. 21 (Xinhua) -- Economists said Thursday that figures detailing the monthly borrowing of the British government showed that it was on track to underspend estimates set up earlier in the year.


In October, Public Sector Net Borrowing Requirement excluding financial interventions (PSNBRx), was 8.1 billion pounds (about 13.08 billion U.S. dollars), 0.2 billion pounds less than in October 2012.


In the first seven months of the current financial year, cumulative borrowing on a comparable basis was 5.8 billion pounds (about 9.3 billion U.S. dollars) less than in the corresponding period of the last financial year jordan 6 gatorade green suede mens , and for October net debt excluding the effects of financial interventions was 75.4 percent of GDP.


The improved government finances reflect economists' expectations for growth, with the central bank the Bank of England (BOE) raising its February forecast of 0.9 percent growth this year to 1.4 percent now.


"Overall, the recovery has started to feed through into the public finances, and underlying borrowing through the fiscal year to date is some 8 percent below the same period last year,"said Simon Wells jordan 6s gatorade green mens , economist with HSBC Global Research.


Howard Archer, chief British and Europe economist with IHS Global Insight, said that improved economic activity is lifting tax receipts while the strengthening housing market is markedly lifting stamp duty receipts for the British government.


"Seven months into the fiscal year, it is looking ever more certain that the Chancellor will significantly undershoot his current 201314 targets for the public finances," said Archer.


He said that if current trends were continued jordan 6 gatorade green mens shoes , the underlying PSNBR would come in at about 105 billion pounds (about 169.6 billion U.S. dollars) in 201314, below the target of 120 billion pounds.


Archer added, "The hope is that the trend in the public finances will increasingly improve over the coming months as improved economic activity increasingly feeds through to boost tax revenues and help limit benefit payments."


David Kern, chief economist of the industry body the British.
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