Another Suit Against Cuban
Here we go again, right after Mark Cuban gets his SEC suit against him dismissed, Cuban is finding his way back to the courtroom, well, rather his lawyers. I’m sure being a lawyer for Cuban is very prosperous and keeps you busy nowadays.
Cuban has been accused of diverting profits from loans he took from the former owner Perot Jr. who still has a small stake in the Mavericks with his company Hillwood Center Partners.
Cuban was quoted as in saying that Perot Jr. is “trying to find nickels in the sofa cushion”. It’s reported that Perot Jr’s development company gave up its stake in the project to German investors in April, resulting in a reported loss of $100 million from the Victory Project that was established for the development around the arena for retail and office space.
Cuban also noted, “I have to tell you that the biggest mistake I made in buying the Mavs was in not completely buying out (Perot’s) interest.”
I guess we all learn from our mistakes, that’s why they’re made. Good luck Cuban in defending yourself. Hopefully this suit will be dismissed as well. I guess that’s why I’m glad I’m not rich, you’re always a target for lawsuits. If I were rich, I’d just buy an island where only my family and I live, enjoy life without people bothering me or suing me.