Ross Perot Jr. sues Mark Cuban, claims Mavericks 'insolvent'
May. 11, 2010
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.