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/051110dnbusmavslawsuit.1208e317.html

Texas News

A state district judge has awarded shared custody of a 2-year-old girl to her same-sex parents, who are divorcing...
A special prosecutor says he plans to present a North Texas grand jury with evidence of first-degree felony...
Austin environmentalists are targeting those Dollar stores you see around town and throughout the state. They...