Former Hawks Owners Sue Insurance Company Over Ferry’s settlement

Bruce Levenson is a prominent American businessman, a Forbes billionaire, an active philanthropist, and a former NBA team owner. He is a former co-owner of Atlanta Hawks LLC, which was originally Atlanta Spirit LLC. The company runs the famous Philips Arena and the Atlanta Hawks basketball team. Before joining Atlanta Hawks, Bruce co-founded the United Communications Group (UCG) in the year 1977.

The Sale Of Atlanta Hawks

Levenson hired Danny Ferry in 2002 as the general manager and president of Atlanta Hawks. Ferry had a massive experience in basketball having played for the Cleveland Cavaliers before serving as their general manager. He was also the vice president of operations at San Antonio Spurs before joining Hawks.

Levenson announced his plans to sell his majority shares of the company’s ownership in 2004 through an investment bank.

The Former Atlanta Hawks Ownership files a lawsuit against AIG Insurance

The previous ownership of the NBA franchise has sued an insurance company in New Hampshire for breach of contract. The suit involves the settlement of claims tabled by the former general manager and President Danny Ferry.

Bruce Levenson is part of the former Hawks ownership group due to his controlling partnership. However, the current ownership has distanced themselves from the suit since they are not in any way involved.

AHBE claims that the company took up a policy that covered losses related to employment malpractices including, but not limited to “Workplace Torts and “Wrongful Termination.”

According to the suit, despite the insurance firm’s obligation to pay Mr. Ferry’s claims and the acknowledgment that the claims fell within the AIG’s policy coverage, the insurance company has failed to settle the claims. The justifications given by the firm is an act of bad faith.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson

 

 

Fabletics Debuts New Swim Line

Just when the fashion world thought that Fabletics couldn’t get any more fabulous, the company went and proved that notion to be wrong. Elite Daily reports that this April Kate Hudson’s new swimsuit line will be debuting, and beach bums everywhere are beyond enthused for this new line. In addition to this, they will also be releasing a dress line full of stylish, comfortably chic dresses.

Designed to fit and flatter every body, the swimsuit line is versatile, sexy, and just as stylish as the athletic clothes offered by Fabletics according to a Youtube video. Displaying fashionable designs, eco friendly recycled fabric, and a variety of sizes, Fabletics has upped the competition in the active wear fashion world yet again.

Their legion of Facebook followers are also fans of JustFab, which was created in 2013 by celebrity Kate Hudson, who is also the face of the brand. Offering subscriptions to receive an outfit each month, members are sent full outfits for just 50 dollars, with the first outfit offered at 25 dollars.

If subscribers don’t need or want an outfit for the month, they can opt to skip the month so they aren’t charged for a product they don’t want. Kate has blended her style and fashion taste with her love of fitness and exercise to create outfits, swimsuits, and dresses for women like her who appreciate looking cute and staying comfortable while working out, swimming, or hitting the town.

What makes this company even better is that they have a variety of surveys and quizzes you can take to find out your style and needs while exercising. This enables the company to be able to send you a personalized outfit each month, and not waste money on an outfit that doesn’t fit your workout regime. Between the knockout pricing, personalized outfits, and new outfits sent monthly, Fabletics has brought a new twist to fashion fitness competitors everywhere – http://www.fabletics.ca/kates-picks.htm.

George Soros: Confronting Europe’s Primary Concern

 

George Soros, hedge fund mogul and founder and chairman of Open Society, has predicted that the current market situation is reminiscent of 2008. Soros’s prediction stems from Eastern Europe and Russia, where a college in northern Russia has burned 53 books linked to a George Soros charity, signaling a continued, hard-line Communist position, and perhaps a targeted one.

In October of 2015, Soros wrote an article titled ““Ukraine & Europe: What Should Be Done?”“, where he cited five crises that Europe faced: four internal ones—the euro, Greece, migration, and the British referendum on whether to remain in the EU—and an external one, Russian aggression against Ukraine. Soros makes a strong argument for Ukrainian support. “The new Ukraine seeks to be the opposite of Greece,” writes Soros, “and, although it is not a member, it is actively defending the European Union against a military and political threat from Russia.”

Soros references the Minsk II agreement, and writes that “President Putin exploited his advantage by keeping the text of the agreement deliberately ambiguous.” Since Ukraine cannot prevail militarily over Russia, it must, at the very least, maintain its newly formed morality and integrity, and the best to uphold such an important geographical and seemingly spiritual position, is for the European Union to give Ukraine precedence.

Clearly Soros’s strong position against Russian aggression in Ukraine, as evidenced in his 2015 article, his strong support of Ukraine, his proposal to toughen Russian sanctions, have influenced the Kremlin’s recent decision to burn Soros charity books. Propaganda and political positioning are nothing new within such circumstances. Currently, however, the threat of global, economic turmoil is very real, and uncertainty is beginning to develop much like in 2008, as Soros has alluded. Perhaps we would be wise to stop skirting the real issues, as Soros has suggested, so that we don’t find ourselves forever at the bottom of a hill, a can at our feet.