I generally avoid linking to stuff that’s already on FARK, but this is too good and too relevant not to note here.
Ross Perot, Jr., who owns 5% of the Dallas Mavericks, is suing Mark Cuban, the majority owner of the team. Perot Jr. claims that the team is “insolvent and/or in imminent danger of insolvency”. Cuban states “The Mavs operations and debt are guaranteed by me. There is no risk of insolvency. Everyone always has been and will be paid on time.”
Cuban has a blog, and blogs about the Mavericks from time to time, but there’s nothing there yet about this case. I’ll try to update if he does make a statement, though I suspect his lawyers are advising him to play it close to the vest.