Perot Rebuffed on Appeal in Challenge to Mark Cuban’s Management of Mavericks

The 5th Court of Appeals in Dallas has upheld a trial court’s decision to dismiss a lawsuit filed against Mark Cuban, the billionaire owner of the Dallas Mavericks, which alleged the team was being mismanaged.   The plaintiffs in the case were Hillwood Properties III and its owner Ross Perot Jr. Perot is the former owner of the Mavericks and is now a minority owner of the team. They alleged in a lawsuit that Cuban had been “careless and reckless,” resulting in a loss of substantial in