Former Hawks ownership sues New Hampshire insurance company for breach of contract

Sept 2016, the former ownership of NBA Franchise filed a case for breach of contract against New Hampshire Insurance Company involving the settlement of claims made by Danny Ferry the former manager. Bruce Levenson is included in the controlling partner by former Hawks Ownership group. However, the lawsuit does not involve the current Hawks ownership that is managed by Tony Ressler.

On Sept 13, the lawsuit was filed in Superior Court of Fulton County, is also described as AIG, insurance bad faith and also a breach of contract. The group claims that it was insured under a policy that covered particular losses in relation to employment practices, including, but not limited to, specific acts of “Wrongful Termination” and “Workplace Torts.” The court’s documents indicate that AHBE notified AIG on April 2015 that claims have been vindicated by Ferry that it believed were included.

Two days later after Ferry and Hawks ownership arrived at a concealed buyout agreement on 22 June 2015 terminating a relationship that began six years earlier, the approval of the sale of Franchise to Ressler group was settled.

According toESPN the confidential limits of liability to the policy are sufficient to play AHBEs claim. The lawsuits illustrate that AIG refused to acknowledge the claim and the triggered policy. It also indicates that AIG declined to engage in defense of the uttered claims and accept coverage during the council discussion of Ferry and Hawks. Hence, the lawsuit claims a breach of contract for the decline to provide payment for covered losses in the agreement.

Bruce Levenson is a philanthropist (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) and American businessman. Bruce attended Washington University and graduated from law school at America University. Bruce has founded various companies including Aslant Hawks LLC, and United Communication Group where he is a co-founder among others.

Information above can be sourced from brucelevenson.com.

 

The Evolution of EOS Natural Lip Balm

Over the years, purchasing a lip balm was a hassle to a good number of people, partly since you had to go through different stores and shopping malls to buy one of these lip balms, which in most cases didn’t meet your expectations. Creating EOS lip balm helped a lot of people especially women who hated using some of these sticks that felt entirely medical.

Seven years ago Mehra, Jonathan Teller, and Craig Dubinsky after doing some research in the lip balm industry, they realized that the industry had been abandoned, and this encouraged them to create the Evolution of Smooth Lip Balm. In a short period, the product was popping up in various beauty shops and supermarkets. Beauty editors and celebrities could not get enough of EOS lip balm especially honeydew and grapefruit flavors.

EOS lip balm success was mainly driven by the demand for natural and organic products. They came up with a product that engaged all the five (5) senses which included soft round packaging, colors of orbs, the sweet smells, scrumptious flavors’, and finally, the clicking sound that the sphere made while closing.

Its prices were also fair with a single lip balm going for only $3. The business was booming and in a week’s time, the organization had sold over 1 million units. Their primary target audience was the stylish millennial women aged between 25-35. So as to market their product, the company carried out marketing ventures through magazines and television ads.

Coming up with a perfect product took quite some time, partly because the organization wanted to create something unique, and not an increment of any other product in the market. They wanted to rethink about its format and shape to favor all of their users. Rather than being just another product in the lip balm industry, the organization wanted to create an emotional connection with its consumers, hence the tagline “the lip balm that makes you smile”. For more info, visit the EOS social media pages on both Facebook and YouTube.

Reference Link

: https://www.fastcompany.com/3063333/startup-report/the-untold-story-of-how-lip-balm-upstart-eos-outdid-chapstick

: http://www.ulta.com/brand/eos