material disruptive event were to occur in this new venture? quote, in order to maximize business continuity and to minimize, mitigate, or eliminate any negative impacts on the company from a material disruptive event, the company principal s owner ship shall be structured in such a way as to eliminate the need for restructuring of ownership were a material disruptive event to occur. quote, a material disruptive event means the occurrence of any of the following after the closing, 1, the company principal anunss that he is running for public office, or, two, the company principal is personally convicted of a felony criminal offense. i m just saying, you know torque the extent there are red flags
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rain/snow line settis up. thank you for that one-two punch. i m not looking forward to it. a wine bar in washington, d.c. filed a lawsuit against president trump and the company that runs the trump international hotel in d.c. the owners of cork wine bar say the president s owner ship of the hotel along with the restaurants and bars is allowing it to operate with an unfair advantage. they argue the hotel is siphoning customers who hope to curry favorites with the trump administration. the owners are not seeking monetary damaging but asking the president to divest from the hotel, closing it or resigning. i don t think that s likely. the lawyer calls this a wild publicity stunt completely lacking any legal hmerit. none of those things will happen, come on. not going to happen. thank you for that, louis.
have more owner ship. really what it does is put in the importance that we give people more ownership over their health care dollars and that obama care is the wrong direction for the country. here it might come as a surprise to you. obama care and exchange approach where people buy coverage unexchange. people are saying go buy your own health care. you may disagree with the government subsidy but private employers are saying here is a chunk of money, go buy your own health care. bruce, i love you.
either sterling to maintain any ownership interest in the team. shelly expressed a desire to remain a minority owner. the nbas not going to be okay with that. they want both sterilings completely out. so that s the plan that the sterilings have here and allowing shelly to negotiate with the league. the nba is not going to have that. that s why they ve made it clear they re going ahead with the process of voting the to terminate their owner ship. you re an attorney. we ve talked about this divorce between the sterilings. what, if anything, does this transaction mean for any type of divorce proceedings? or do we know? there is no divorce proceeding yet. but divorce is definitely one of the tools the sterilings could use. shelly in particular, if they want to gum up the process a little bit. if shelly were to file for divorce, then this whole situation would end upmost likely in front of a family
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