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Suit: Cuban used profits to cover Mavs

Associated Press

Monday, July 20, 2009

DALLAS -- Dallas Mavericks owner Mark Cuban is accused of wrongfully diverting millions of dollars from the NBA franchise's home arena to help make up for cash shortfalls incurred by the team, according to a lawsuit filed by a company controlled by the team's former owner. 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 Airlin ...

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