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Re: arvitar post# 246887

Wednesday, 10/16/2013 10:02:07 PM

Wednesday, October 16, 2013 10:02:07 PM

Post# of 312101
Actually that not true.

The JBI case can be put into perspective by the recent Mark Cuban case vs the SEC.

Each of paragraphs below echo what has been said about JBI and its case.

Cuban made the point that many have made about JB and JBI in their case with the SEC, it cost him much more in legal fees to defend himself against the SEC than the fines and penalties would have been had he settled.

During an impromptu news conference outside the courthouse, he angrily denounced the SEC and its lead trial attorney, Jan Folena, saying that they lied about the evidence and targeted him because of his fame. He said that defendants of lesser wealth could have been bullied.

'Hopefully people will start paying attention to how the SEC does business,'' Cuban said. ''I'm the luckiest guy in the world. I'm glad this happened to me. I'm glad I'm able to be the person who can afford to stand up to them.''

If the jury had ruled for the SEC, Cuban could have faced roughly $2 million to $3 million in fines and penalties. On Wednesday, Cuban said he spent much more than that on the lawyers who delivered him a victory in the courtroom.
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