Bruce Levenson has taken up the task of bringing an insurance company, AIG to court for failures to pay former General Manager, Danny Ferry the amount that was due him in a claim he filed. The claim was related to a termination of employment that Ferry filed when Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) decided to sell the team. The sale which was “overpriced” according to Forbes experts,was completed in June of 2015, but AIG never honored the claim that was filed. So Levenson and AHBE are taking them to court and planning to sue for damages related to bad faith and court costs.
Bruce Levenson has always been an avid basketball fan, having played the sport at one time in his life and even on occasion for recreational purposes. He also loves journalism and publishing and he founded a large publication conglomerate, United Communications Group (UCG) in 1977 when he and his friend Ed Peskowitz founded a journal in Levenson’s own apartment. Levenson and Peskowitz began adding other publications to their portfolio and soon they had built one of the largest privately-owned business news companies in the world. UCG is also the parent company of Gas Buddy, a gas price app and TechTarget, a technology purchase consulting company.
Bruce Levenson has also been a philanthropist who has donated to many social activist and education groups, including the “I Have a Dream” Foundation that has helped sponsor scholarships for inner city children. Levenson is also the co-founder of the Center for Philanthropy and Non-Profit Leadership at the University of Maryland, and he’s also a donor to the Holocaust Memorial Museum in Washington D.C. Levenson even took the entire Atlanta Hawks’ team and coaching staff to the museum in 2014 where his mother-in-law, a survivor of the horrific event told her story at different stops in the museum.
Relmada Therapeutics INC, an organization that develops novel treatments to help fight against endless agony, reported that it has documented a movement to change its protestation against Laidlaw. The actions put in place to record an altered grumbling is going to serve as evidence sent to Nevada District Court. The changed grievance incorporates an extra legitimate case in view of Laidlaw’s rupture of the guardian obligation that it owed to Relmada when Laidlaw uncovered secret data. Relmada is also seeking damages for financial harms emerging from expenses and costs that it caused reacting to Laidlaw’s false materials in December of 2015.
Relmada noticed that the Nevada court had previously issued a transitory controlling request and related order against Laidlaw and Matthew Eitner and James Ahern, as an aftereffect of their spread of false information and deluding intermediary materials. Relmada’s Board trusts Laidlaw must repay the Company for the harms it has endured.
Below are some of LAIDLAW’S interactions with RELMADA:
Laidlaw has worked as the Company’s essential venture investor, going about as Relmada’s situation operator between December 2011 and May 2014.
In the spring of 2015, Relmada had a meeting with Laidlaw to discuss the likelihood of drawing in new financial specialists. As a feature of these exercises, Laidlaw wrote up a non-bargain street appear in April 2015, occupied with secret dialogues featuring the Company’s administration talking about its business and future prospects.
After the finish of these exercises in the mid year of 2015, the Company explained to Laidlaw about the disappointment with Laidlaw’s poor execution and lack of action attempting to sort out the street appear and pulling in new financial specialists. Towards the end of October 2015, Laidlaw sent in a letter to the Board and wrote up a Schedule 13D with the Securities and Exchange Commission. This letter revealed some of the plans targeting the company’s capital raising endeavors.
Laidlaw is a full-service investment banking and brokerage firm that offers personal investment advice to all qualified clients. The company is based out of the United Kingdom and has partnered with Securities Investor Protection Corporation to protect their capital resources.
Laidlaw opened its doors to the public in 1842. It was one of the first investment banks to service the United States. I noticed that this legal firm has changed its name a lot throughout history. I like how they are adding earths natural resources into the investment pool. Some of those can be very valuable and scarce.