The conundrum of Atlanta Hawks ownership

The former owners of the NBA franchise, The Atlanta Hawks Basketball and Entertainment LLC, has gone to court against New Hampshire Insurance Company for alleged breach of contract regarding the settlement of claims brought forward by their former general manager Danny Ferry.

Controlling partner Bruce Levenson was included in the former Hawks ownership group (AHBE). The filed lawsuit does not involve the present Hawks ownership group. Its current principal owner is Tony Ressler. The lawsuit was filed on thirteenth September at the Superior Court of Fulton County. They described it as an insurance bad faith and a civil action for breach of contract.

The Ferry and Hawks ownership decided to terminate the six-year relationship in June last year. This involved an undisclosed buyout agreement. The franchise was then sold to the Ressler-led group two days later.

The current Hawks ownership said that they were aware of the complaint but the two parties involved no longer have any influence on Atlanta Hawks organization and no further comments will be made regarding the issue.

Courts documents term the claim amount as confidential and the limits of the liability are sufficient to play AHBE’ claim. The lawsuit illustrates that AIG has declined to acknowledge that the suit was made hence declining that the policy was triggered. The claim is also seeking an additional fifty percent penalty of the attorney’s fees and costs and unpaid loss.

Bruce Levenson is a renown American businessman, philanthropist Forbes billionaire hand the former owner of Atlanta Hawks. Bruce was born from a humble Jewish family in Washington, D.C. His family then shifted to Chevy Chase, Maryland.

http://www.ucg.com/AboutUs/Ownership.aspx

He was a bright kid and attended Washington University in St. Louis. He then graduated from American University with a law degree. In 2004, he was the Hawks governor at the NBA board of governors. Read more about Mr. Levenson on time.com.

 

OFS Director Denies Claims that George Soros is Funding #BlackLivesMatter

Sometime last year, a rumor did rounds in right wing blogs, social media and other internet sites that liberal billionaire George Soros’s Open Society Foundations was bankrolling Black Lives Matter protests. According to a Daily Beast article published in August 2015, conspiracy theories pointed that George Soros is bankrolling the movement to the tune of $33 million. The accusations came in fast and furious. The American Thinker’s Thomas Lifson was quoted saying that Soros funded #blacklivesmatter had become a big headache for the Democrats, while Fox News ratings powerhouse The O’Reilly Factor accused George Soros for graciously funding groups affiliated with Black Lives Matter.

The other persons accused by O’Reilly for funding the movement include Jay-Z and Beyonce. Speaking during the appointed interview in July 2015 with O’Reilly, an investigative journalist with The Washington Times, Kelly Riddell castigated the movement, saying that it was started by 3 women that work at George Soros backed organization in a previous article. Riddell sensationally added that OFS was one of the groups funded by The Open Society Foundation. The director in charge of US programs at Open Society Foundations, Mr. Ken Zimmerman debunked what he called the “rumor stew” in an interview with The Daily Beast.

Read more:
nybooks.com

opensocietyfoundations.org

He said that Soros did not at any time give money to Opal Tometi, Alicia Garza and Patrisse Cullors, the activist accused of rallying people on Twitter following the death of unarmed black teen Trayvon Martin. Zimmerman added that his organization doesn’t fund protest per-se, instead it champions for various societal causes through well-appointed voices and channels. Daily Beast on its part expressed in the previous week that Black Lives Matter is an umbrella term that describes a decentralized network of people-meet-ups, Facebook protest, blogs and movies. This fact renders the $33 million dollars funding claim redundant.

About The Open Society Foundations
Since its establishment in 1979 by George Soros, The Open Society Foundations (OFS) has been at the forefront of campaigning for justice and democratic ideals. According to Opensocietyfoundations.org, the organization constitutes a network of foundations, partners and projects operating in over 100 countries. Soros began his philanthropic work when he began giving scholarship to black South Africans suffering under the repressive apartheid regime in the late 70’s. In the 80’s, Soros played a critical role in undermining Communism in the Eastern bloc. OFS at http://foreignpolicy.com/author/george-soros/ continues to support lawyers and paralegals representing individuals held unlawfully without legal representation around the world.