AHBE LLC has filed a lawsuit against AIG for their failure to pay claims relating to the termination of Danny Ferry, who had been the General Manager of the team. The ABHE were the owners of the Atlanta Hawks NBA franchise and Bruce Levenson was a controlling partner.
The suit, claiming that AIG acted in bad faith and failed to honor an existing contract, was filed in Fulton County (Georgia) on September 13, 2016. ABHE had an existing policy to cover loss claims involving “Wrongful Termination” and “Workplace Torts”. They contend that the claims asserted by Ferry should have been covered under the policy. According to the suit, AIG has failed to concede that a claim was made and that those claims should have prompted the policy to pay out.
The lawsuit is unrelated to the current ownership group, led by Forbes billionaire Antony Ressler and Grant Hill, and while they have acknowledged the existence of the lawsuit, they have nothing more to say on the matter.
Mr. Levenson is the co-founder of Unified Communications Group (UCG), a company known for its award-winning content and conferences. Along with Ed Peskowitz, Levenson started the company in 1977 with an initial focus on the energy industry. The company was one of the first to distribute information in an electronic format, allowing them to deliver the news in a way that was well-timed to the industry’s needs. UCG has continued to grow and prosper, adapting to the changing market needs. The company created the popular GasBuddy app, which is available on both iTunes and Google Play.
Mr. Levenson is a graduate of Washington University and the law school at American University. His philanthropic endeavors have included working with the I Have a Dream Foundation and the Hoop Dreams Foundation.
Don Ressler, co-CEO of Techstyle (formerly Just Fab Inc.), has a gifted eye for fashion trends, which has turned his company into a multi-million dollar success story. As current co-CEO of several successful brands like Kate Hudson’s Fabletics, Ressler’s keen understanding of online fashion retail has allowed Techstyle to become a leader in the world of e-commerce.
Ressler has been an online retail entrepreneur for more than 15 years, with many successful startups under his belt. In 2001, Ressler’s first company, FitnessHeaven.com, was purchased by Intermix Media. The COO of Intermix, Adam Goldenberg, joined Ressler to start a new company, Alena Media, an e-commerce and performance advertising division. In 2005, Intermix was acquired by News Corporation, and the pair, now very good friends, chose to pursue other opportunities.
Ressler and Goldenberg knew that evolving online technology was going to take a major role in the success of online retail, and that because of the emergence of social media, online brands had to be more engaging than ever. With this knowledge, the pair formed Just Fab, an online retailer based on the subscription service business model. In 2010, the subscription service model was just beginning to take off, and Adam Goldenberg and Don Ressler had the foresight to capitalize on it.
The pair knew that their brand had to be fun and socially engaging to appeal to consumers. The subscription service model is highly interactive, allowing consumers to fill out questionnaires about their fashion tastes. For a monthly fee, a shipment of new fashion merchandise is mailed directly to their door.
With the enormous success of Just Fab, the company began to acquire smaller fashion brands across the world. In 2013, the pair teamed up with Kate Hudson to create Fabletics, a subscription-based online retailer focusing on the “athleisure” fashion trend. Since its creation, Fabletics has gone on to earn over $250 million, making it by far the most successful venture for the Just Fab company.
In 2016, Goldenberg and Don Ressler changed the name of their company to TechStyle Fashion Group. The new name signifies the company’s emphasis on their use of technology to develop fashion brands.
Today, the company is the parent brand of numerous successful online retailers. In addition to Fabletics, the company has also acquired ShoeDazzle and FabKids. The company is expected to close out 2016 with $650 million in revenue on adweek.com, and the astounding success of Fabletics has earned the company a competitive presentation slot at the highly prestigious Code Commerce Series, hosted by Recode, the online technology website based in Silicon Valley. The brands which are overseen by Techstyle are continuing to pull in enormous revenue, ensuring that Techstyle is only going to continue to grow from here.
Chris Burch is very successful for a lot of reasons. When people look at the success of an individual, they attribute it to a lot of things. Among the factors that people name are luck, intelligence, and skill. While these do play a role in the success of an individual, there is something that is overlooked in the success of an individual. This is intuition. This is one of the reasons that Chris Burch is one of the most successful entrepreneurs and investors. He looks intuitively at the consumer activities. He is able to tell what the consumer is going to go for.
Chris Burch also has experience with direct sourcing. However, there are a lot of factors that make him a unique individual when it comes to his career. Among the unique traits of his are creativity, imagination, scale, and a few other traits. This is one of the reasons that he has not only been successful in his career as an investor, but has also helped others achieve their goals with their businesses. Another thing that adds to Chris’s success is that he is a really good writer. He takes the time to write his insights about the world.
One thing Chris sees is the direction the world is going in when it comes to the sales of materials. He has looked at the past when it came to inventions and has noticed something very amazing that has helped him figure out where the world is going. He also knows what company is going to be the major star of the future. This is one of the reasons that he has turned out to be successful as an investor. Being responsible for more than 50 successful businesses is enough to give anyone credibility among his peers. Chris Burch (fashionista.com) is someone that could definitely be trusted when it comes to business.
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