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/051110dnbusmavslawsuit.1208e317.html
Photos courtesy of DPS AUSTIN – The Texas Department of Public Safety (DPS) has added Jahmar Nykel Young, 37, to...
(Image courtesy NASA) NASA gets a solid boost from the White House. Austin/San Antonio representative Lamar Smith...
Shutterstock photo AUSTIN — The Texas Health and Human Services Commission (HHSC) has announced it will award up...
(Photo By Stokkete/Shutterstock) FROM THE OFFICE OF THE ATTORNEY GENERAL AUSTIN – With the April 18th income tax...
( Photo by MasAnyanka/Shutterstock) Congress has sent a bill to President Donald Trump that would let Texas...