The ownership group Atlanta Hawks Basketball and Entertainment LLC (AHBE) is suing an insurance company in regards to a settlement with Danny Ferry, the former General Manager. AHBE claims that while they were the ownership group of the Atlanta NBA team they were insured by AIG. Their policy coverage warranted their business for losses in relation to certain employment practices such as wrongful termination or workplace torts. AHBE allegedly gave notice to AIG that Ferry had made a claim that fell under their policy coverage, but AIG denies having received any notice.
An concealed financial agreement was met between AHBE and Ferry just days before a new ownership group took over the NBA franchise. AHBE feels that a breach of contract by AIG has occurred by their failure to recognize the notification and pay for the claim that, they understood, fell under their paid policy coverage. AHBE primary controlling partner was Bruce Levenson, the former co-owner of the Atlanta Hawks Team and Philips Arena.
Levenson had decided to sell his share of the Atlanta Hawks franchise back in 2014, and had hired Inner Circle Sports and Goldman Sachs to work the deal. The firms had overpriced the evaluation of the team which led to several potential buyers stepping away early, and Levenson was left with a much lower sale than he had anticipated. Levenson was certainly not put out by the deal, being a long time business man he remains resilient and continuously pushes forward in his career.
Levenson is the co-founder and partner of United Communications Group, a company he help start back in 1977. He has been the director for TechTarget Inc. and TechTarget.com, a successful IT company, since 2015. He has also been an important part of the Electronic Publishers Association and the Newsletter, serving on their Board of Directors. He is also an active philanthropist reveals PR Newswire.
Read More: http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/
George Soros is well known as the Chairman of Soros Fund Management and one of the top thirty richest man from the USA. However, he is more than a successful hedge fund manager. He is an active political entity, a philanthropist and also a great author. He has been writing articles and books on different topics i.e. politics, economic, philanthropy in some of the most popular platforms for a long while. In addition to that, he is also well known for his loyal support to American Liberal causes as well as the Democratic parties. In his recent two articles published on Business Insider, George Soros combined his passion for writing and politics by writing some interesting things about Donald Trump, European Union as well as future trends in international relation and trade.
Soros have been opposing Trump from the very beginning when he announced his nomination for US president on Snopes. Now that Trump is in the White House, Soros is quite concerned that everything that the previous administration achieved will come under threat from him and his cabinet. According to Soros, Trump has built a cabinet with only retired generals and incompetent extremists who will divert the USA from its role in promoting democracy throughout the globe. In one of his articles, Soros also marked Trump as an imposter and con man who was running the election to build his own brand in the first place. Now that he is making the call, everyone is quite dubious about his future actions on nytimes.com. However, Soros predicts that Trump will have a good rapport with other dictatorship and he will provide unparalleled support to China which is surely upset international relations and trade. But as an optimist in heart, he is sure that both US constitution and institutions will prevent from launching a drastic attack on the nation.
While George Soros is quite upset with Trump administration, he is also concerned with the future of European Union. He strongly believes that such a unified association could be the key to sustaining democracy in Central and Eastern European Nations. But now it is being threatened with numerous anti-EU forces including but not limiting to the refugee crisis, lagging economy as well as BREXIT. He also made a point about Open Society framework on opensocietyfoundations.org that promotes democracy in its honest form as well as its losing acceptance in most of the nations. He is also predicting that there will be similar events like US election in some of those European countries.
Apart from business, George Soros is deeply involved numerous charitable organizations. Within last three decades, he donated more than $11 billion to various philanthropic and political causes. He has a strong tie with some entities through which he is helping underprivileged communities in Africa, Asia, Europe as well as the USA. He is also the Founder and Chairman Open Society Foundations through which he has been promoting democratization in a non-violent form in many post-Soviet nations.