Challenges in the Life of Mark Cuban in a Detailed Timeline

Life is full of challenges, and Mark Cuban faced many. Discover key struggles and how they were overcome.

Mark Cuban is a highly successful American businessman and television personality with an estimated net worth of $5.7 billion (as of February 2025). He is known for owning the Dallas Mavericks (NBA), co-owning 2929 Entertainment, and starring as an investor on the TV show Shark Tank. His entrepreneurial ventures and investments span various industries, solidifying his prominent position in both the business and entertainment worlds.

Sections (5)

Full Timeline Early Life & Education Career & Achievements Challenges & Struggles Controversies & Scandals

1933: Securities Act

In February 2022, the U.S. 11th Circuit Court of Appeals ruled in a lawsuit against Bitconnect that the Securities Act of 1933 extends to targeted solicitation using social media.

June 2004: Mamma.com Stock Dilution

In June 2004, a stock dilution occurred shortly after a trade in shares of Mamma.com, now known as Copernic. It gave hints of inside knowledge at the time of the trade.

2005: Wanted to purchase Pittsburgh Pirates

In 2005, Mark Cuban wanted to purchase his hometown Pittsburgh Pirates but was rebuffed by then-owner Kevin McClatchy.

2006: Joined investment group to acquire Pittsburgh Penguins

In 2006, Mark Cuban joined an investment group to attempt to acquire the Pittsburgh Penguins; however, the group's bid was rejected when the team was taken off the market.

November 17, 2008: SEC Files Insider Trading Suit Against Cuban

On November 17, 2008, the U.S. Securities and Exchange Commission (SEC) filed a civil suit against Mark Cuban relating to alleged insider trading in the shares of Mamma.com, now known as Copernic. The SEC claimed that Cuban sold his holdings in Mamma.com based on confidential information, avoiding a $750,000 loss.

2008: Submitted bid for Chicago Cubs

In 2008, Mark Cuban submitted an initial bid of $1.3 billion to buy the Chicago Cubs and was invited to participate in a second round of bidding.

January 2009: Not selected for final Cubs bidding process

In January 2009, Mark Cuban was not selected to participate in the final bidding process for the Chicago Cubs.

July 2009: Charges Against Cuban Dismissed

In July 2009, the U.S. District Court dismissed the insider trading charges against Mark Cuban related to Mamma.com. However, the SEC appealed the decision.

May 2010: Lawsuit Filed by H. Ross Perot Jr.

In May 2010, H. Ross Perot Jr. filed a lawsuit against Mark Cuban, alleging the Dallas Mavericks franchise was insolvent.

June 2010: Cuban's Response to Lawsuit

In June 2010, Mark Cuban responded to H. Ross Perot Jr.'s lawsuit, maintaining that Perot was wrongly seeking money to offset losses.

August 2010: Actively bid to buy Texas Rangers

In August 2010, Mark Cuban actively bid to buy the Texas Rangers with Jeffrey L. Beck, stopping after placing bids totaling almost $600 million but ultimately losing the deal.

September 2010: Appeals Court Revives SEC Suit Against Cuban

In September 2010, an appeals court overturned the district court's dismissal and ruled that further proceedings were necessary to address the merits of the SEC's insider trading suit against Mark Cuban.

January 2011: Filed lawsuit against the UFL

In January 2011, Mark Cuban filed a federal lawsuit against the UFL for their failure to repay the loan by the October 6, 2010, deadline.

April 2011: Alleged Incident at Portland Bar

In April 2011, an alleged incident occurred between Mark Cuban and a female patron at a Portland, Oregon bar called the Barrel Room. The woman told Portland police that Cuban sexually groped her while she posed for pictures with him.

2011: Lawsuit Dismissed

In 2011, the lawsuit filed by H. Ross Perot Jr. against Mark Cuban was dismissed, partly due to the Mavericks' recent NBA Finals victory.

January 2012: Placed bid for Los Angeles Dodgers

In January 2012, Mark Cuban placed an initial bid for the Los Angeles Dodgers, but was eliminated before the second round of bidding.

November 2013: Investors Questioned Acquisition of Motionloft

In November 2013, several investors questioned Mark Cuban about Jon Mills' representation of a pending acquisition of Motionloft.

December 1, 2013: CEO of Motionloft Terminated

On December 1, 2013, Jon Mills was terminated as CEO of Motionloft by stockholders.

February 2014: Arrest of Jon Mills, former CEO of Motionloft

In February 2014, Jon Mills, former CEO of Motionloft, was arrested by the FBI and charged with wire fraud.

2014: 5th Circuit Court Affirmed Dismissal

In 2014, the 5th Circuit Court affirmed the decision to dismiss the lawsuit filed by H. Ross Perot Jr. against Mark Cuban.

March 6, 2018: Report of Alleged Incident at Portland Bar

On March 6, 2018, Willamette Week reported on an alleged incident that occurred in April 2011 at a Portland, Oregon bar called the Barrel Room between Mark Cuban and a female patron. The woman claimed that Cuban sexually groped her while posing for pictures.

March 8, 2018: NBA Reviews Allegations Against Cuban

On March 8, 2018, the NBA announced that it was reviewing the alleged incident involving Mark Cuban and a female patron at a Portland bar. The review was initiated following a report by Willamette Week on March 6, 2018, detailing the allegations.

2021: Stopped playing National Anthem at Mavericks games

In early 2021, Mark Cuban decided to stop playing the National Anthem at Dallas Mavericks games to respect those who felt it did not represent them. The NBA then required all teams to play it.

February 2022: Ruling in Lawsuit Against Bitconnect

In February 2022, the U.S. 11th Circuit Court of Appeals ruled in a lawsuit against Bitconnect that the Securities Act of 1933 extends to targeted solicitation using social media.

July 2022: Voyager Digital Filed for Bankruptcy

In July 2022, Voyager Digital filed for Chapter 11 bankruptcy protection.

2022: Shark Tank Investments Resulted in Net Loss

In 2022, Mark Cuban stated that his portfolio of Shark Tank investments had made a net loss.

September 2023: MetaMask Wallet Drained by Scammers

In September 2023, Mark Cuban's MetaMask cryptocurrency wallet was drained by scammers, resulting in a loss of approximately $870,000 worth of tokens.