Advertisement

Texas News

News > Texas News > Ross Perot Jr. sues Mark Cuban, claims Mavericks 'insolvent'

Ross Perot Jr. sues Mark Cuban, claims Mavericks 'insolvent'

Ross Perot Jr. raised the stakes Monday in his battle with fellow billionaire Mark Cuban over the ailing financial performance of the Dallas Mavericks.  The Mavericks are "insolvent and/or in imminent danger of insolvency," according to a lawsuit filed Monday in state district court by a Perot-controlled company.  Perot sold a majority stake in the Mavs to Cuban in 2000 but still owns 5 percent of the team. The suit focuses on Dallas Basketball Limited, which does business as the Dallas Mavericks.

http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/051110...
(photo Twitter) Travis County prosecutors gear up for a showdown with State Representative Dawnna Dukes. Travis...
(Photo Shutterstock/CrackerClips Stock Media) FROM GOV GREG ABBOTT'S OFFICE AUSTIN – Governor Greg Abbott and...
(Credit: Plano Chamber of Commerce) A powerful Texas Republican is calling for the removal of a Confederate marker...
(Credit: Shutterstock) The statewide gas price average in Texas is $2.52for a gallon of regular unleaded fuel,...
(Photo Shutterstock/ DIIMSA Researcher) FROM TEXAS MUTUAL INSURANCE CO. AUSTIN, Texas—Texas Mutual Insurance...