michael gores los angeles

For a party to qualify as a third-party beneficiary, (i) the contracting parties must have intended that the third party beneficiary benefit from the contract, (ii) the benefit must have been intended as a gift or in satisfaction of a preexisting obligation to that person, and (iii) the intent to benefit the third party must be a material part of the parties purpose in entering into the contract. (. (Cross-Complaint 1.) 801 S FIGUEROA ST STE 600, LOS ANGELES, CA 90017. Activists have not been satisfied with the pace of rate reductions. 1-2. [3], In 2005, Paradigm's entered the music industry when it acquired Monterey Peninsula Artists[1] and its roster of clients expanded to include The Black Eyed Peas, Aerosmith, Dave Matthews Band and Toby Keith. ), Cross-Complainants breach contract cause of action is based on the following allegations: (1) pursuant to the Letter Agreement, AEG agreed to invest $10 million as an anchor investment in the New Fund, which Cross-Defendants promised to use best efforts to provide; (2) Gallant is an intended third party beneficiary of the Letter Agreement because it was formed for the purpose of raising the New Fund and, as such, profits made on investments in the New Fund are realized by Gallant as the management company of the funds; (3) Cross-Defendants breached the Agreement by failing to provide an anchor investment in the New Fund; (4) Cross-Complainants have been damaged as a result because they were not able to realize benefits from the anchor investment, including attracting other potential investors and accordingly forced Cross-Complainants to spend time soliciting investments from other investors. ), Gores Groups unjust enrichment claim is based on the same allegations as its quantum meruit claim; specifically, Gores Group alleges Defendants have been enriched by Gores Groups Support which was invaluable because it enabled Defendants to start their fund and Gores Group provided such Support with the expectation AEG would be able to participate in the fund as an investor. Refine Your Search Results. This is a testament to that fact that the greater arts community will not accept anything less than full transparency and accountability from our institutions. All Rights Reserved. The Letter Agreement provides that, as consideration for the agreements contained herein. Section 15 of the Letter Agreement [Further Assurances] provides that each party agrees to use its reasonable best efforts to cooperate with each other party to discharge their respective obligations under the agreement and to take such other actions as may be reasonably necessary to further the purposes and intent of the agreement. (Complaint 18.) Section 6 of the Letter Agreement addresses 2017 Compensation and Vesting and provides as follows: (1) Gimbel will receive from Gores Group a $600,000 cash bonus payment, 50% of which shall be paid in Gores Groups next pay cycle following execution of the agreement and the remaining 50% shall be paid on December 31, 2018, subject to Paragraph 6(c); (2) Guagliano will receive from Gores Group a $300,000 cash bonus payment to be paid in the next pay cycle following execution of the agreement and an additional $300,000 payment upon the closing of the sale of Imagines PNO business to Belden pursuant to a definitive agreement executed on or before March 31, 2018 and subject to Paragraph 6(c); and (3) if either of the Individual Defendants breach provisions of Paragraphs 7(a) [materially], 7(b), or 8, or is otherwise not responsive to the reasonable requests of Gores Group with respect to the transition period, Gores Group shall be entitled to all remedies available to it including but not limited to revocation of accelerated vesting, claw backs of previous cash bonus payments, and/or termination of obligation to pay remaining cash bonuses. In the Letter Agreement, the parties agreed to the following: (1) Individual Defendants agreed to form Gallant to market and seek to raise a new private equity fund (the New Fund) to pursue investments in the lower middle market; (2) AEG agreed to serve as an anchor investor in the New Fund and agreed it would commit capital in an amount equal to $10 million but not to exceed 5% of all commitments to the New Fund (Commitment); and (3) Individual Defendants and other members of the Team, (defined as Individual Defendants, two Vice Presidents, two Associates, and one business development professional) agreed to collectively commit at least $1 million to the New Fund. (Complaint 58(a)-(e).) michael gores los angeles. As such, Plaintiffs have not alleged facts suggesting any alleged promises relating to making AEG an investor in the new fund were false at the time they were made, considering such promises were dependent on AEG committing its $10 million investment. a Los Angeles-based non-profit. Gores represented Academy Award-winning actor Philip Seymour Hoffman,[3] and was described as the most un-agent agent in the business because hes a human being first, by another one of his clients, Laurence Fishburne. Dr. Goran is Professor of Pediatrics in the Keck School of Medicine at the University of Southern California. . If you need to know who lives in your neighborhood, visit Radaris.com and enter your address. (Letter Agreement 9(a)-(e). The 2023 series on team offense begins with the Los Angeles Dodgers. dr patel plastic surgeon oak brook. Opinion: How has American healthcare gone so wrong? Michael Gore worked as a Substitute Teacher for Los Angeles Unified and in 2018 had a reported pay of $29,680. 2021-07-28, Los Angeles County Superior Courts | Contract | Sam Gores (born 1954) is the chairman of Paradigm Talent Agency in Beverly Hills, California[1] and has been ranked among the top agents in Hollywood. Click to reveal T he US actor and director said he was . Gores, chairman and chief executive of The Gores Group, did his first SPAC in. As a regular performer at the world-famous Magic Castle, Michael has honed his skills in both closeup and stage magic to perfection. ), Section 15 of the Letter Agreement [Further Assurances] provides that each party agrees to use its reasonable best efforts to cooperate with each other party to discharge their respective obligations under the agreement and to take such other actions as may be reasonably necessary to further the purposes and intent of the agreement. Select the best result to find their address, phone number, relatives, and public records. Radaris does not possess orhave access tosecure orprivate financial information. ), Gores Groups quantum meruit cause of action is based on the following allegations: (1) in support of Defendants new fund, Gores Group provided them with (a) use if its Track Record, (b) the right to solicit investors from current Gores Group investors, (c) cash bonuses and continued vesting of interests in Gores Group funds, and (d) Gores Groups reputation and recommendations (collectively, Support); (2) Gores Group provided this support with the expectation Defendants would pay for as much by permitting Gores Groups affiliate, AEG, to invest in Defendants fund and receive substantial economic interest; (3) Gores Group would not have provided Defendants such Support absent a promise to pay for it and the Letter Agreement does not provide any consideration to Gores Group for allowing Defendants to use its Track Record or any of the other support provided if AEG is not permitted to invest in the fund; and (4) Defendants should have known Gores Group expected to be compensated for its services if it did not become an investor in Defendants fund. In exchange for, and upon satisfaction of, AEGs obligation to commit capital to the New Fund in an amount equal to $10.0 million, Individual Cross-Complainants agreed to offer AEG membership interests in the New Fund and in its general partner; however, AEG failed to fulfill its obligation. The Gores Group has announced or closed nine SPAC deals since 2015, totaling $58 billion in transaction value. Le film commence comme une lgende urbaine. First, the cause of action is based on promises Individual Defendants allegedly made in the Letter Agreement with respect to promising Plaintiffs that AEG would be included as an investor in the Gallant New Fund. All Filters. Ch. To reach an agreement with Cross-Defendants, Cross-Complainants extended the New Funds final close twice and several months before the final close, upon Cross-Defendants request, Cross-Complainants provided an update regarding the New Funds financials and Gallants portfolio companies in May 2020, in response to which Cross-Defendants made unreasonable demands including membership rights for AEG and that Cross-Defendants be granted rights in the New Fund without any investment. Quieres probar una bsqueda? (Complaint 45-47.) David Michael Gores has a license type of Real Estate Salesperson which allows a real estate professional to perform services such as selling, buying, renting, auctioning, advertising of real estate properties, but only on behalf of a real estate broker (licensed broker who employs the sales agent). (Letter Agreement, 15. ), Section 6 of the Letter Agreement addresses 2017 Compensation and Vesting and provides as follows: (1) Gimbel will receive from Gores Group a $600,000 cash bonus payment, 50% of which shall be paid in Gores Groups next pay cycle following execution of the agreement and the remaining 50% shall be paid on December 31, 2018, subject to Paragraph 6(c); (2) Guagliano will receive from Gores Group a $300,000 cash bonus payment to be paid in the next pay cycle following execution of the agreement and an additional $300,000 payment upon the closing of the sale of Imagines PNO business to Belden pursuant to a definitive agreement executed on or before March 31, 2018 and subject to Paragraph 6(c); and (3) if either of the Individual Defendants breach provisions of Paragraphs 7(a) [materially], 7(b), or 8, or is otherwise not responsive to the reasonable requests of Gores Group with respect to the transition period, Gores Group shall be entitled to all remedies available to it including but not limited to revocation of accelerated vesting, claw backs of previous cash bonus payments, and/or termination of obligation to pay remaining cash bonuses. Copy 1 About this Item. v. Alon USA Energy, Inc., 2019 WL 2714331, at *10 (Del. NBA players protested police shootings of Black Americans and rallied around the resurgent Black Lives Matter movement. Gore was arrested on suspicion of drug possession and booked into the Inmate Reception Center in Santa Ana, about 34 miles south of Los Angeles, on $20,000 bail. ), Plaintiffs allege that following the outbreak of the COVID-19 pandemic, Individual Defendants sought to resolve outstanding issues to have AEG invest $5 million of the $10 million right away, and accordingly, provided Plaintiffs with due diligence information and agreed to proceed without insisting on the restructuring preclusion term discussed above, and the parties finalized the underlying investment documents. June 28, 2019).) Al hacer clic en el botn Aceptar, acepta el uso de estas tecnologas y el procesamiento de tus datos para estos propsitos. The Letter Agreement provides that Individual Cross-Complainants would form Gallant to market and seek to raise the New Fund to pursue investments. Specs 4,959 square feet, 4 bedrooms, 6 bathrooms. Upstairs, the primary bedroom suite boasts a slim private balcony. When not serving in his role as Chairman and CEO of Platinum Equity, Mr. Gores is on either a soccer field or a basketball court coaching youth teams, applying the same principles of hard work and inspiration that he does to his business. In June 2020, Individual Defendants informed Plaintiffs they preferred not to perform under the Letter Agreement and instead enter an alternative walkway deal, pursuant to which Plaintiffs would relinquish all benefits of the Letter Agreement in exchange for a right to receive a percentage of the carried interest, not to exceed $10 million, from the first and second funds, a figure Individual Defendants selected to make the offer appear reasonable based on the underwhelming expectations for the portfolio, but was in fact unreasonable. The Court notes that in the Letter Agreement, the parties agreed to use their reasonable best efforts to cooperate with each other to, discharge their respective obligations under the agreement and to take such other actions as may be reasonably necessary to further the purposes and intent of the Letter Agreement. ), Section 7 of the Letter Agreement provides that Individual Defendants are permitted to disclose the Track Record and solicit investors in any funds managed or sponsored by Gores Group and its affiliates in connection with fund raising activities or otherwise provided that Individual Defendants agree any marketing materials referencing the Track Record or Gores Group must be reviewed and approved by Gores Group prior to dissemination and that Individual Defendants will coordinate with Gores Group regarding their solicitation of New Fund Commitments from investors in any funds managed or sponsored by Gores Group. [7] Gores now serves on The American Academy of Dramatic Arts Board of Trustees.[8]. 2020-02-19, Los Angeles County Superior Courts | Personal Injury | [1] Early life [ edit] The structure itself is set notable far back on its lot, with plenty of driveway space for two cars in addition to the two-car attached garage. [6][18], Gores is father to three children and grandfather to five grandchildren. 2003). However, for the purposes of a demurrer, the reasonable best efforts clause does not cover the Individual Defendants alleged misconduct, which instead Plaintiffs assert sought to intentionally disrupt AEG committing its Commitment investment in the New Fund. To state a breach of contract claim, Plaintiffs must demonstrate (1) the existence of the contract; (2) the breach of an obligation imposed by that contract; (3) and resultant damage to the plaintiff. 7-8.) Six Sigma, Manufacturing, Lean Manufacturing, Cross Functional Team Leadership, Process Engineering, Process Improvement, Quality Assurance, Quality System, Manufacturing Operations, Project All data offered isderived from public sources. On June 17, 2021, Cross-Complainants filed their answer to the FAC together with their operative cross-complaint. 2009) 976 A.2d 170. At the propertys far rear, the brick patio steps up to a secondary wooden deck with ample space for lounging. Resides in Los Angeles, CA . Payroll Year: 2018: Employer/Source: Los Angeles Unified : Employer Type: School: Job Title: Substitute Teacher : School: Los Angeles Unified: Defendants Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners (collectively, Defendants) demur to the 1st (breach of contract), 2nd (breach of the covenant of good faith and fair dealing), 3rd (fraud false promise), 4th (quantum meruit), 5th (unjust enrichment), and 6th (declaratory relief) causes of action in the complaint of Plaintiffs The Gores Group, LLC (Gores Group) and AEG Holdings, LLC (AEG) (collectively, Plaintiffs). ), Cross-Complainants allege that Individual Cross-Complainants, while at Gores Group in 2017, decided to start their own private equity firm [Gallant], and Gores engaged them in discussions that led to a proposed deal that would grant Gores a financial stake in Gallants New Fund and its successor funds in exchange for AEG [a Gores Group affiliate] investing $10 million [or up to 5% of the New Funds total commitments] as an anchor investment in Gallants New Fund. (Cross-Complaint 8, 38-39.) 2009) 976 A.2d 170. ), Plaintiffs allege in 2017, Individual Defendants, who were at the time Managing Directors at Gores Group, informed Alec Gores (Gores) they were considering leaving Gores Group to start their own investment fund, Gallant. Gwynedd Stuart. Plaintiffs fail to allege Individual Defendants breached an obligation that was imposed by the Letter Agreement. The Gores facade comprises three variations, randomly arranged. Defendants Jon Gimbel, Anthony Guagliano, and Gallant Capital Partners, LLCs demurrer to the complaint is overruled as to the 2nd cause of action as to all Defendants, and overruled as to the 4th and 5th causes of action as to Gallant Capital Partners, only. For the purposes of a demurrer, Cross-Complainants alleged sufficient facts to state a cause of action for breach of contract. Los Angeles, California - Los Angeles financier and philanthropist Tom Gores and his wife Holly have made a $5 million commitment to establish a new pediatric allergy treatment center at Children's Hospital Los Angeles (CHLA).In honor of the family's generous gift, the . The Court notes Plaintiffs cite to allegations demonstrating Individual Defendants intention to not include AEG as an investor at the time they entered the Letter Agreement notwithstanding their alleged promise to do so in the Letter Agreement; however, all these allegations involve events that occurred after the execution of the Letter Agreement. (Demurrer, pgs. Cross-Complainant allege Gores extracted broad releases and restrictive covenants from Individual Cross-Complainants upon their departure from Gores Group by agreeing to pay out Individual Cross-Complainants cash bonuses and by granting them a one-year retention of rights to any carried-interest distributions in funds managed by Gores Group; however, the restrictions had carveouts that allowed Individual Cross-Complainants to reference their investment track record at Gores Group and to solicit Gores Group investors. You may not use our site or service, or the information provided, to make decisions about employment, admission, consumer credit, insurance, tenant screening or any other purpose that would require FCRA compliance. There was no resolution of the issue, but in a letter a Platinum spokesman said was emailed Thursday night, Gores wrote to Govan and the trustees that the firm had no idea the investment would become a nexus for addressing the political, social, racial and economic issues roiling America today., The letter said the firm was committed to the reforms but was fighting entrenched opposition from critics on one side who think were moving too far and too fast, and on the other side who think were not moving far enough or fast enough., Paraphrasing a salient question at last weeks board meeting: Okay Tom, we appreciate your efforts to take the hill and reform Securus. The company said last month that it had brought the average cost of a call to under 15 cents per minute and renegotiated 58 contracts that had rates that previously exceeded national averages, lowering them in some cases by 60% or more. After school, he worked without salary as an agent at The Gage Group, Inc., founded by Martin Gage, for almost two years while selling shoes on the side to support himself. Plaintiffs allege in June 2019, after Defendants proceeded with a closing that did not include AEG, Plaintiffs followed up to resolve outstanding issues and move forward with AEGs funding, and Individual Defendants agreed to resolve the issues; however, they thereafter claimed they needed to delay finalizing AEGs commitment due to an investigation by the SEC. Criminal justice activists began their campaign against Gores in 2018, calling on him to make reforms and sell the telecom. 12.) Clinton met with communist leader Kim Jong Il on . (Complaint 53. ), Plaintiffs fraud cause of action is based on the following allegations: (1) on January 30, 2018, Individual Defendants promised Gores Group they would include AEG as an investor in their New Fund under the terms set forth in the Letter Agreement; (2) for two years following the execution of the Letter Agreement, specifically in late 2018, March 2019, June 2019, July 2019, November 2019, and April 2020, Individual Defendants continued to represent to Plaintiffs they intended to finalize AEGs Commitment and to include AEG as an investor in Defendants fund; (3) Individual Defendants made excuses for their delay in finalizing the Commitment; (4) Individual Defendants knew these promises were material and false, specifically, that they had no intention of including AEG as an investor in the fund; (5) in January 2020 after reaping the benefits of the Letter Agreement, Individual Defendants told Gores in an in-person meeting they did not intend to have him invest in the fund and thereafter they ended fundraising efforts without including AEG as an investor; (6) Individual Defendants made their false promises to induce Gores Group to pay them bonuses, to allow their interest in certain Gores Group funds to continue to vest, to cause Gores Group to refrain from starting its own competing fund and to allow them to continue to use the Track Record to solicit investors; (7) Plaintiffs relied on Individual Defendants promises to their detriment since Plaintiffs would not have paid them bonuses, allowed their interests in Gores Group funds to continue vesting, or allow them to use the Track Record but for the promises and would have started a competing fund of their own; and (8) Plaintiffs were damaged as a result. Ver. (Complaint 2, 16, Exh. WENDI GREEN/ JENNIFER MILLAR . Search their Arrest Records, Driving Records, Contact Information, Photos and More 1) Michael Gore's Phone & Current Address ), Section 9 of the Letter Agreement provides, in pertinent part, for a general release as follows: (1) Individual Defendants release the Gores Group from any and all actions arising out of or relating to Individual Defendants employment with the Gores Group or their separation from the Gores Group and the release includes and excludes certain types of claims; and (2) Individual Defendants agree that the consideration set forth in Paragraphs 6 [Compensation and Vesting] and 7 [Restrictive Covenants] constitutes the entire consideration provided under this agreement and Individual Defendants will not seek from Gores Group any further compensation or other consideration for any claimed obligation in connection with the matters encompassed by the Letter Agreement. Cross-Defendants The Gores Group, LLC (Gores Group) and AEG Holdings, LLC (AEG) (collectively, Cross-Defendants) demur to the 1st (breach of contract), 2nd (breach of the covenant of good faith and fair dealing), and 3rd (declaratory relief) causes of action in the cross-complaint of Cross-Complainants Jon Gimbel (Gimbel), Anthony Guagliano (Guagliano) (the Individual Defendants), and Gallant Capital Partners, LLC (Gallant) (collectively, Cross-Complainants). March 4, 2023 at 5:17 a.m. (Letter Agreement 2(a).) There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 2021-12-23, Los Angeles County Superior Courts | Contract | Search Details, View Michael's Profiles on Facebook and 60+ Networks, michael****@gmail, View Michael's Profiles on Facebook and 60+ Networks, michael****@yahoo, View Michael's Profiles on Facebook and 60+ Networks, michael****@hotmail, View Michael's Profiles on Facebook and 60+ Networks, michael****@aol, View Michael's Profiles on Facebook and 60+ Networks, michael****@outlook. It is our mission to support Los Angeles in the endeavor to become one of the most dynamic global cities of the 21st century. CaptainSparklez Price Chops Mullet-Style WeHo Aerie. You can take advantage of the name search feature at Radaris to find some with the first name. The poor Democrats trapped in the bloody and broken city of Chicago finally came to their senses. This year, San Francisco became the first county in the nation to offer free phone calls when it negotiated a contract with another telecom for a fixed rate per line. Michael J Gores Associated Addresses 433 N Camden Dr Ste 600, Beverly Hills, CA 90210 9329 Nightingale Dr, Los Angeles, CA 90069 1145 Sunset Vale Ave, West Hollywood, CA 90069 Michael J Gores Associated Phone Numbers (310) 859-4708 (310) 855-9192 (818) 261-1006 Michael J Gores Associated Email Addresses goresmedia@yahoo.com sdams81@yahoo.com Out back, a big brick patio has plenty of space for sunny entertaining, provided folks dont mind the sound of crashing waves overwhelming conversations. Spokeo's database, while extensive, does not contain all U.S. warrant, arrest, court, or other related records. Cross-Complainants assert that an early investment would have produced early returns which they lost out on, Cross-Complainants were also forced to expend resources finding a substitute investment to replace the funds expected from AEG, and Cross-Complainants were unable to attract other investments based on a $10 million AEG investment.

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