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Mark Cuban

Sues UFL over $5 million loan

Jan 2010

Cuban files a federal lawsuit against the United Football League for their failure to repay a $5 million loan by the October 6, 2010 deadline. Cuban refuses to comment, but UFL spokesperson Michael Preston says:

As we have said previously, we like many companies regrettably do not always meet our intended turnaround on payments in these tough economic times when we find ourselves behind in cash flow. We like all new businesses are not immune from the effects of a stagnant economy.