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

The Harris County Sheriff's Office is investigating the death of a 4-year-old boy who was fatally shot in the head...
A wayward manatee is receiving medical care in San Antonio after about a dozen people hauled the 1,000-pound...
A Harris County grand jury has indicted a county investigator accused of stealing hundreds of thousands of dollars...
San Antonio police have charged a couple who they say prostituted an underage girl who ran away from home. Officer...
A man whose records show he's been schizophrenic for decades is one week away from execution. The Texas Court of...