Perot Jr. Asks Court To Seize 'Insolvent' NBA Mavs

Law360, New York (May 11, 2010, 7:17 PM EDT) -- Ross Perot Jr., a minority owner of the National Basketball Association's Dallas Mavericks, has sued majority owner Mark Cuban's management company for breach of contract, accusing the billionaire of decimating the team's financial well-being and asking the court to take over the franchise to prevent continued harm.

Cuban and his Radical Mavericks Management LLC have made a “litany of questionable business, financial, and personnel decisions through the years” that have put the team's long-term viability in serious question, Perot's Hillwood Investment Properties III Ltd. said in...
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