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, investor, and television personality. Best known as the owner of the Dallas Mavericks NBA team and a prominent investor on the reality TV show Shark Tank, Cuban has built a substantial net worth estimated at $5.7 billion. He also co-owns 2929 Entertainment. His diverse business ventures and media presence have made him a recognizable figure in both the business and entertainment worlds.

Sections (5)

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

June 2004: Alleged Insider Trading in Mamma.com Shares

In June 2004, a stock dilution occurred shortly after a trade involving Mark Cuban in Mamma.com, giving hints of inside knowledge at the time of the trade, where Cuban allegedly avoided a $750,000 loss.

2006: Cuban Joins Investment Group for Penguins

In 2006, Mark Cuban joined an investment group with Dan Marino, Kevin Millevoi, Andy Murstein, and Walnut Capital principals Gregg Perelman and Todd Reidbord to attempt to acquire the Pittsburgh Penguins. The franchise ultimately rejected the group's bid when team owners Mario Lemieux and Ronald Burkle took the team off the market.

November 17, 2008: SEC Files Suit Against Cuban

On November 17, 2008, the SEC filed a civil suit against Mark Cuban for alleged insider trading in the shares of Mamma.com, now known as Copernic.

January 2009: Cuban Not Selected in Cubs Bidding

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

July 2009: Charges Against Cuban Dismissed

In July 2009, the U.S. District Court dismissed the charges against Mark Cuban in the insider trading case.

May 2010: Lawsuit filed against Cuban

In May 2010, H. Ross Perot Jr. filed a lawsuit against Mark Cuban, alleging the Dallas Mavericks franchise was insolvent or in imminent danger of insolvency.

June 2010: Cuban responds to lawsuit

In June 2010, Mark Cuban responded to H. Ross Perot Jr.'s lawsuit in a court filing, maintaining that Perot was wrongly seeking money to offset losses on a real estate development.

August 2010: Cuban Bids for Texas Rangers

In August 2010, Mark Cuban actively bid to buy the Texas Rangers with Jeffrey L. Beck, stopping bids after 1 a.m., having placed bids totaling almost $600 million. Despite outbidding a competing ownership group, he lost the deal before the Rangers played the San Francisco Giants in the 2010 World Series.

September 2010: Appeals Court Reinstates SEC Suit

In September 2010, an appeals court overturned the dismissal of the SEC suit against Mark Cuban, ordering further proceedings.

October 6, 2010: UFL Loan Deadline

The United Football League (UFL) failed to repay Mark Cuban's loan by the October 6, 2010, deadline.

January 2011: Cuban Sues UFL

In January 2011, Mark Cuban filed a federal lawsuit against the United Football League (UFL) for their failure to repay a $5 million 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, where the woman claimed Cuban sexually groped her. Cuban denied the allegations.

January 2012: Cuban Bids 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.

October 16, 2013: Jury Finds in Favor of Cuban

On October 16, 2013, a federal jury in Texas found in favor of Mark Cuban in the insider trading case after deliberating for 3 hours and 35 minutes.

November 2013: Cuban questioned about Motionloft acquisition

In November 2013, Mark Cuban was questioned by investors about the representation of a pending acquisition of Motionloft.

December 1, 2013: Jon Mills terminated as CEO of Motionloft

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

February 2014: Arrest of Jon Mills

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

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

On March 6, 2018, Willamette Week reported on an alleged April 2011 incident between Mark Cuban and a female patron at a Portland bar, where the woman claimed Cuban sexually groped her. Cuban denied the allegations, and the Portland District Attorney's office declined to prosecute.

March 8, 2018: NBA Reviews Alleged Incident

On March 8, 2018, the NBA announced it was reviewing the alleged incident involving Mark Cuban and a female patron at a Portland bar in April 2011.

February 2022: 11th Circuit Court of Appeals ruling

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.