Day: September 9, 2020

Weiners hit back at Fish in lawsuit over failed project

“It is abundantly clear that [Fish] filed this action as part of a larger public relations campaign to try to absolve [Fish] . . . from any responsibility for the failure of the 1000 Boylston Street project . . . and instead to lay the blame at the feet of Stephen Weiner and Adam Weiner,” the Weiners said in their filing on Monday.

The Weiners countered that Fish himself sought to kill the $800 million condo tower, alleging that the construction magnate said at a January 2019 meeting, “Let’s end this,” and, “If you want to end this, let’s do this now.”

Paul Popeo, an attorney representing Fish, declined to comment on the Weiners’ claims.

Both sides pursued the project for a desolate corner of the Back Bay — which included a second hotel tower that was later dropped — until August of last year, when Weiner released a statement

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Advisor Drops Opposition to Tesla Director After Change in D&O Insurance

Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla Inc.’s investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June.

Glass Lewis said its recommendation changed due to the satisfactory action taken by Tesla regarding liability insurance for its directors.

Tesla will hold its annual shareholder meeting on Sept. 22.

Glass Lewis said it changed its recommendation due to the move by Tesla’s board to replace its earlier liability insurance policy with a 90-day interim arrangement to resume evaluating more traditional options for liability insurance.

In June, Glass Lewis had joined Institutional Shareholder Services Inc. (ISS) in opposing the chairwoman’s re-election to the board.

The recommendation was based on corporate governance concerns due to an insurance arrangement with Chief Executive Officer Elon Musk, after Tesla’s decision to not renew its liability policy for directors and officers over high

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Children’s Fairyland Raising Money Ahead Of Reopening

OAKLAND, CA — If you grew up in the Bay Area, especially the East Bay, chances are you went to Children’s Fairyland in Oakland as a child.

On Lake Merritt, Children’s Fairyland has “close to 60 storybook sets, kid-size rides, friendly animals, and 10 acres of gardens, our park is designed to delight visitors of all ages, but especially those under age 8. Come and stroll through our gates—or run through if you’re a child—and discover all that Fairyland has to offer.”

The park stresses families and safety, and has a rule that no adults are allowed to enter without children, and no children may enter without an adult.

But coronavirus shelter-in-place restrictions have kept the park’s gates locked since March. Fairyland’s Rusty Blazenhoff has good news, “We will be announcing our reopening date soon.

Fairyland has animal mouths to feed, rides to maintain and other expenses, even though it

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Finance Minister Nirmala Sitharaman to hold review meeting with bankers

Nirmala Sitharaman with collar shirt

© Provided by Zee Business

Finance Minister Nirmala Sitharaman will hold a review meeting with bankers and heads of non-banking financial companies (NBFCs) on September 3. The meeting is taking place ahead of the roll out of one-time debt recast for resolution of COVID-19 related stress in bank loans.

“The review (meeting) will focus on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation,” the Finance Ministry said in a statement.

The finance minister will review the implementation of the resolution framework for COVID-19 related stress in bank loans on Thursday with the top management of scheduled commercial banks and NBFCs, it said.

The Reserve Bank of India (RBI) earlier this month permitted one-time restructuring of both corporate and retail loans.

Banks are in

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