Mark Cuban's Mavericks Nearly Bankrupt, Appeals Court Hears

Law360, Dallas (May 8, 2013, 2:08 PM EDT) -- Ross Perot Jr.-owned Hillwood Investment Properties III Ltd. on Wednesday asked a Texas appeals court to allow it to pursue receivership against the Dallas Mavericks, arguing that as a minority shareholder it has the right to stop owner Mark Cuban from saddling the team with debt it can't pay back.

Hillwood, which has a stake in ownership company Dallas Basketball Ltd., is asking the court to reverse a 2011 summary judgment that threw out its case against the team and Cuban's management company, Radical Mavericks Management...
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