• Copernic Inc. is a software company that specializes in search technology for the Web and personal computers. The services of the company are rendered through Copernic.com. Copernic provides software that allows for instant search of files, emails, contacts, bookmarks, favorites and history stored on a personal computer. BusinessWeek.com: Copernic Company Profile

  November 17, 2008: The Securities and Exchange Commission charged entrepreneur Mark Cuban for insider trading after he sold 600,000 shares of Mamma.com (later known as Copernic.com). The charges allege that Cuban received confidential information that the stock would be less than the market price, then subsequently instructed his broker to sell off all of his holdings in the company.SEC.gov: SEC Files Insider Trading Charges Against Mark Cuban (November 17, 2008)

• Fast Facts

  1. Stock Symbol: CNIC, NASDAQ
  2. Annual Revenue: $8.1 million (as of 2007)BusinessWeek.com: Copernic Financial Info.
  3. Changed name from Mamma.com to Copernic.comAssociated Press: SEC charges Mark Cuban with insider trading (November 17, 2008)
  4. Chairman: David Goldman
  5. Year established: 1985
  6. President, CEO and CFO: Marc Ferland
  7. Phone: 514-844-2700
  8. Fax: 514-844-3532
  9. Headquarters: Montreal, Canada

• Cuban Insider Trading

  The SEC has charged Mark Cuban with insider trading for allegedly using confidential information in the sale 600,000 shares of stock in Mamma.com. The agency alleged that Cuban was invited to participate in a stock offering of Mamma.com in June of 2004 after he agreed to keep information about the company private. Cuban allegedly acquired information that the stock would be traded below its current market price. After receiving this information, he ordered his broker to sell his entire stake in the company (nearly 6% ownership). In doing so, Cuban avoided nearly $750,000 in loses.Associated Press: SEC charges Mark Cuban with insider trading (November 17, 2008)

• Related Pages On Mahalo

  Mamma.com | Mark Cuban Insider Trading | Mark Cuban | Infowars.com

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