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Cuban response to Perot Jr. lawsuit

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DALLAS (AP) — Mark Cuban is defending his decade as majority owner of the Dallas Mavericks and rejects calls by minority owner Ross Perot Jr. that a court-appointed receiver be named to run the NBA team.

 

Cuban on Tuesday, in a court filing, responded to a May lawsuit filed by Perot that alleged the Mavs were insolvent or in imminent danger of insolvency.

Perot's lawsuit puts his Hillwood Investment Properties III Ltd. against Cuban-controlled Radical Mavericks Management LLC. Perot in 2000 sold his majority stake in the team to Cuban, but still holds 5 percent.

Cuban maintains Perot is wrongly seeking money to offset some $100 million in losses on the Victory Park real estate development.

Perot spokesman Eddie Reeves said his boss had no comment on Cuban's filing.

 

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