The U.S. Securities and Exchange Commission is far from finished in its pursuit of charges over alleged deceptive trading by Texas Attorney General Ken Paxton when he was seeking capital for a tech startup, says the lawyer who successfully defended Mark Cuban in an insider-trading trial two years ago.
“The game is not over for the SEC,” said Tom Melsheimer, the managing principal of the Dallas office of Fish & Richardson, who led the team that in October 2013 persuaded a Dallas federal jury that the federal securities agency failed to prove Cuban — owner of the NBA Dallas Mavericks and star of the television show “Shark Tank” — engaged in insider trading.
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