Tuesday, July 21st, 2009 at 9:00 am  |  24 responses

OK, So Mark Cuban Still Has Legal Issues

by Marcel Mutoni

Yesterday, Dallas Mavericks owner Mark Cuban seemed to be in the clear when a judge threw out the insider trading suit against him. But his legal woes are far from over. Cuban’s lawyers aren’t going to get a break anytime soon.

According to a lawsuit by the former owner of the Mavs, Mark has been diverting profits from American Airlines Center to make up for cash shortages in other areas of his business.

The AP reports:

The lawsuit claims Cuban covered the Mavericks’ financial shortfalls by obtaining more than $29 million in unauthorized loans through a limited partnership designed to distribute profits from the arena, the American Airlines Center. It accuses the Mavericks and three other companies controlled by Cuban of breach of contract, breach of fiduciary duty and unjust enrichment.

The company that filed the suit, Hillwood Center Partners, is controlled by former Mavericks owner Ross Perot Jr. and holds a small interest in the arena’s limited partnership, Radical Arena. A related Perot company sold the Mavericks to Cuban in 2000.

Yes, that would be the former presidential hopeful’s son going after Cubes and his money.

Cuban hasn’t updated his infamous blog in quite some time; look for that to change very quickly.

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  • nicko

    mark cuban is just a thug….complete thuggery. who raised this guy?

  • http://www.shawn-kemps-offspring.blogspot.com Eboy

    Told you.

  • Oli

    k-mart’s mum didn’t raise him, that’s for sure

  • http://adfji.com Jukai

    Oli killed a very funny joke.

  • http://www.hibachi20.blogspot.com Hursty

    Eboy told you… oh wait.

  • http://theghostofroyhobbs.blogspot.com Mo Charlo

    Hopefully his sentence is that they will confine him to a box, and put restraining order on him from the court.

  • http://www.realcavsfans.com Anton

    I have nothing to say about this, but Brandon Jennings is here!

  • Yann Blavec’s wife’s husband

    I asked my mother why everybody is after him and she said it’s because they are jealous.

  • Diesel

    This is what it sounds like when billionaire’s fight.

  • JB

    Radical Arena? What a radical partnership name!

  • http://www.slamonline.com Alex

    unjust enrichment is what it is, but no-one can argue that cuban hasnt spent a bucketload on making the terrible mavs into quite a formidable force and thats how he probably justified it too himself. he will forever be a d00ch though, k-marts mum incident was funny, painful, but funny. and he didnt go to denver next time around haha. and his boo’in of finley when he moved to spurs.

  • http://ballislife.com Moose

    At least he’s got a sense of humor, that’s all I’m going to say. Oh wait, and he can dance….with the stars.

  • Leroyskillz

    Mavs fans, when an owner makes more headlines than the team shoudn’t questions be asked regarding their suitability for the job?

  • http://hibachi20.blogspot.com Blinguo

    You probably don’t want to be mentioned in the same sentence as Ross Perot, even in the offseason. And more so that he has as much pull as you do from opening litigation. As in Ross Perot is your equal, today. Cuban’s nickname will never be a surname “Links/Linx.”

  • Rusty

    i dont like cuban.

  • Rusty

    And yes, jealousy is a factor.

  • http://kingakai.com Alpha-bet

    Something about Mark Cuban is off, strikes me as a person who really need to have they @ss beat.

  • http://www.triplejunearthed.com/dacre Dacre

    DO you think he might be far worse off than he makes out to be? I wonder if the DalMav lockers will be without their playstation3′s this year??

  • http://www.1227.com CJK

    i was so mad he didn’t buy the cubs. now i am kinda happy since he is still fighting the law.

  • http://slamonline Blaze

    see the close-up of Luke Walton’s tattoo in the new ish of slam? Now THATS gangsta.

  • http://www.slamonline.com 24 Karat Gold

    TMZ has the Lebron tapes….better be good

  • BostonBaller

    Forget cubans problems, what about Richard Jefferson calling off his wedding 5 days before it was to happen? She looks pretty good, I wonder what went wrong? I actually don’t care but I care less about Cuban right now. hahahha LET’S GET THIS SEASON STARTED NOW!!!!!!!!!

  • http://www.triplejunearthed.com/dacre Dacre

    Richard Jeffersons Ex is good you say boston???
    your low standards worry me.

  • Something something

    Since the last players ex we saw was Dirks, I’m not saying —- about RJ’s girl.

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