James Dondero Announces His Challenge Grant to Help Dallas Families

Recently, James Dondero, the Co-Founder and CEO of Highland Capital Management announced that he has given a challenge grant of $1 million dollars to The Family Place, an organization that helps individuals recover from family violence. Helping more than 2,000 victims annually is a big job, and the organization not only provides shelter for victims, but they also provide food and other life-changing services to these individuals.

The Family Place ran what is known as the Legacy Campaign, and it was designed to raise funds over the next six months to champion the project of expanding their facility and their services as well. The challenge behind the grant would encourage additional donations and support from other businessmen and women with a 50 percent match on funds up to $1 million.

Since Dondero’s announcement, The Family Place has continued to raise funds, equaling a total of $200,000 toward their goal, so things are moving quickly. The fundraising goal is currently set at $16.5 million and going strong. This is all in response to what the Mayor of Dallas Mike Rawlings had to say on the matter of family violence within the city.

James Dondero founded Highland Capital Management in 1993, along with this partner Mark Okada. HCM was designed to assist individuals that have high net worth as well as to serve individuals, businesses, and government agencies around the globe. Dondero has always made it a point to be involved in philanthropic organizations, and his challenge grant for The Family Place is just one of his amazing efforts to improve the life of families in the city of Dallas.

Highland Capital Management is a prestigious firm, managing more than $16 billion in assets around the world, along with their affiliate offices. The firm supports local organizations like The Family Place through its own philanthropic arm, known as the Highland Dallas Foundation.

More information on James Dondero:

http://www.prnewswire.com/news-releases/james-dondero-appoints-new-president-of-institutional-products-for-highland-capital-management-300165627.html

http://www.insidermonkey.com/hedge-fund/highland+capital+management/173/

Lawsuit Filed – Who Will Prevail

The Atlanta Hawks are an elite basketball team part of the NBA. Their ownership group is known as the Atlanta Hawks Basketball and Entertainment, LLC, or AHBE. One of their previous owners was Bruce Levenson. He purchased and was involved with the team, and other ventures, for a number of years. During his time there, Levenson (see, http://brucelevenson.com/) hired a man named Danny Ferry to come on board as a general manager and president of basketball operations. In 2014, Leveson announced his decision to leave the ownership group and sold off his shares.
According to ESPN, about a year after Levenson sold off his shares, Danny Ferry also left the ownership group. His leaving sparked a court dispute with the company that holds their insurance policy, the New Hampshire Insurance Company, also known as AIG. AHBE is suing AIG for breach of contract and insurance bad faith.

AHBE believed they had insurance coverage for wrongful termination and other employment-related items. ABHE then tried to claim benefits due to Danny Ferry leaving and AIG has yet to follow through on their end. The lawsuit states that AIG will not even acknowledge that any claim was ever made and states nothing further is to be done on their end.

As of now, it is unclear who will end up winning this court dispute. For more info on Mr. Levenson, refer to his Wikipedia page.