The activist fund with a taste for court action

first_imgMonday 4 April 2011 8:28 pm Read This NextWATCH: Shohei Ohtani continues home run tear, Los Angeles Angels winSportsnautYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads whatsapp The hedge fund currently terrorising companies including National Express and Actelion is a fearsome opponent in boardroom battles.Elliott Advisors is the UK arm of Elliott Management, one of the oldest hedge funds in the world with $17bn (£10.5bn) of assets.Founded by Harvard law graduate Paul Singer in 1977, it has turned defending shareholder rights into an art form. It is also frequently termed a vulture fund thanks to its history of buying distressed debt and hauling the issuer through the courts to receive payment in full. Its targets notoriously include impoverished countries such as Peru and Congo-Brazzaville.Elliott is highly litigious and uses courts as a weapon to ensure companies and governments respect its claims on stock or bonds. In 2003, for instance, it successfully fought Proctor & Gamble over its takeover of hair care company Wella. P&G offered Wella shares to voting investors at a preferential rate while non-voting shareholders such as Elliott received a far poorer offer. Elliott sued the German financial regulator for approving the deal – forcing P&G to raise its offer.Elliott is happy to hold shares in its targets for lengthy periods – it has held National Express stock since 2009 – but always ends with a demand for change that will enable it to sell at a considerable profit. Share whatsappcenter_img Show Comments ▼ Tags: NULL The activist fund with a taste for court action KCS-content last_img read more

FMBcapital Holdings Plc (FMBCH.mw) 2007 Abridged Report

first_imgFMBcapital Holdings Plc (FMBCH.mw) listed on the Malawi Stock Exchange under the Banking sector has released it’s 2007 abridged results.For more information about FMBcapital Holdings Plc (FMBCH.mw) reports, abridged reports, interim earnings results and earnings presentations, visit the FMBcapital Holdings Plc (FMBCH.mw) company page on AfricanFinancials.Document: FMBcapital Holdings Plc (FMBCH.mw)  2007 abridged results.Company ProfileFMBcapital Holdings (FMBCH) is the Mauritius based holding company for the FMBcapital Group and was listed on the Malawi Stock Exchange in September 2017 following a one for one share swap with First Merchant Bank of Malawi shareholders. FMBCH has banking and finance operations in Botswana, Malawi, Mozambique, Zambia and Zimbabwe. It is primarily an investment holding company with interests as follows: First Capital Bank, Malawi – 100% (established June 1995)First Capital Bank, Botswana – 38,60% (established July 2008)Capital Bank Mozambique – 70% (acquired June 2013)First Capital Bank, Zambia – 49% (acquired June 2013)First Capital Bank in association with Barclays – 62% (acquired October 2017) Through its subsidiaries, FMBCH offers a comprehensive range of financial products and services to both corporate and retail sectors. The Global Credit Rating Co. has consistently given FMB an annual Long Term Rating of A+ and a Short Term Rating of A1 since 2007. FMBcapital Holdings Plc is listed on the Malawi Stock Exchangelast_img read more

Custodian and Allied Insurance Plc (CUSTOD.ng) HY2018 Interim Report

first_imgCustodian and Allied Insurance Plc (CUSTOD.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2018 interim results for the half year.For more information about Custodian and Allied Insurance Plc (CUSTOD.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Custodian and Allied Insurance Plc (CUSTOD.ng) company page on AfricanFinancials.Document: Custodian and Allied Insurance Plc (CUSTOD.ng)  2018 interim results for the half year.Company ProfileCustodian & Allied Insurance Plc is an investment holding company in Nigeria offering insurance and reassurance solutions for life and non-life cover. The company has significant holdings in Custodian & Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees and Crusader Sterling Pensions Limited. Personal products and services cover motor vehicles, travel, boats and yachts, personal accident, home owners and personal all risks insurance. Business products range from insurance cover for motor vehicles, marine cargo and hull to fire/special perils, business interruption, occupiers liability and healthcare professional indemnity insurance. The company’s head office is in Lagos, Nigeria. Custodian & Allied Insurance Plc is listed on the Nigerian Stock Exchangelast_img read more

Don’t waste the stock market crash! I’d start buying bargain FTSE 100 shares in an ISA now

first_img See all posts by Peter Stephens Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. The FTSE 100’s stock market crash may have caused some investors to focus their attention on less risky assets until the prospects for the economy improve. While this may prevent paper losses in the short run, it means that you could avoid the most attractive buying opportunities on offer.The index has a solid track record of overcoming its risks to post new record highs. Therefore, now could be the right time for long-term investors to start purchasing high-quality companies in an ISA to benefit from the low prices on offer after the market crash.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Risk/return trade-offsThe FTSE 100 faces a number of risks that could derail its progress in the near term. For example, challenges such as the potential for a rise in coronavirus cases could inhibit the prospect of an economic recovery. This may weigh on valuations across the index over the coming months.Other assets such as cash and bonds may not face such risks, and could offer a more certain return profile. However, their returns may prove to be disappointing in any case. Low interest rates mean that bond yields are at relative lows, and savings accounts offer interest rates that are lower than inflation in many cases.As such, although avoiding FTSE 100 shares in favour of other less-risky mainstream assets may lead to lower risks, it may also produce significantly weaker returns in the coming years.FTSE 100 opportunitiesThe FTSE 100’s past performance highlights the cyclicality of the index. It has continually switched from periods of growth to periods of decline, and back again. This trend is unlikely to end, since the economy and investor sentiment is continually switching between positive and negative periods.Investors who are able to invest during periods of decline, and hold shares through periods of growth, are likely to generate the highest returns. They can access lower share prices, and benefit from their subsequent rise.Therefore, with many FTSE 100 shares trading on low valuations at the present time, it could be an opportunity to buy stocks while they offer significant recovery potential. Doing so may produce paper losses in the short run, but the index’s track record suggests that they will be replaced by large gains over the coming years as the prospects for the world economy improve.Stocks and Shares ISAA Stocks and Shares ISA is a simple, cost-effective and tax-efficient means of generating high returns from the FTSE 100. It can be opened by anyone online in a matter of minutes, and its low costs make it accessible to all investors.With the index continuing to trade significantly down on its previous highs, there seem to be plenty of opportunities for long-term investors to position their portfolios for a likely recovery over the coming years. Our 6 ‘Best Buys Now’ Shares Image source: Getty Images. center_img Peter Stephens | Monday, 22nd June, 2020 | More on: ^FTSE Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Don’t waste the stock market crash! I’d start buying bargain FTSE 100 shares in an ISA now “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this.last_img read more

At 520p, is the easyJet share price too cheap?

first_img Rupert Hargreaves | Sunday, 11th October, 2020 | More on: EZJ At around 520p, the easyJet (LSE: EZJ) share price looks cheap compared to its trading history. Indeed, at the beginning of the year, shares in the low-cost airline were changing hands for around 1,500p. However, the airline group isn’t the same company it was at the beginning of 2020. As such, I believe it’s reasonable to say the business is worth significantly less today than it was at the beginning of the year. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…easyJet share price declines In fact, easyJet has had a horrible year. Lockdowns enforced to try and contain the spread of Covid-19 around the world effectively killed off international travel. Even though some limited activity has resumed in the past few months, many consumers are still too afraid to fly.The company’s latest trading update shows the scale of the devastation. The group expects to report a pre-tax loss of between £815m and £845m in the year to 30 September. It will fly only 25% of last year’s capacity in the final three months of the year, that’s down from 40% over the summer. As passenger numbers have collapsed, the company has rushed to find additional funds. It raised more than £2.4bn in cash since the beginning of the pandemic. Shareholders contributed just over £400m of this total. Before the pandemic, easyJet had one of the most robust balance sheets in the airline sector. Unfortunately, its financial position has since deteriorated. It had £1.1bn in net debt as of the end of September. By comparison, two years ago, the group had nearly £400m of net cash on its balance sheet. What does this mean for the easyJet share price? It’s not good news. The company has had to slash jobs to reduce costs over the past few months. These cost-cutting efforts, coupled with the group’s reduced flying schedule, suggests its profit potential has been severely curtailed.Analysts don’t expect demand for air travel to return to 2019 levels until these 2025. That indicates the business is in for a rough few years. What the future holds The big question is, will easyJet ever return to 2019 levels of profitability?I think this is unlikely in the near term. Even if demand for the company’s services does return to last year’s level, the group’s elevated borrowings may prove to be a drag on profitability. A weak balance sheet will also hurt the low-cost airline’s ability to grow in the future. That said, at current levels, even a modest improvement in profitability could be helpful for the easyJet share price. As such, I think the stock does look too cheap, and long-term investors may be able to achieve high total returns buying the shares at current levels.However, it could be many years before the stock returns to 1,500p. A repeat of this spring’s total lockdowns could mean the company’s recovery is only pushed back. In the meantime, investors might be better off looking elsewhere for growth. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares At 520p, is the easyJet share price too cheap? See all posts by Rupert Hargreaves Simply click below to discover how you can take advantage of this. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more

HSE guide to services for older people in Limerick

first_imgNewsLocal NewsHSE guide to services for older people in LimerickBy Alan Jacques – June 25, 2016 1413 Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clash Linkedin Email Facebook Previous articleNewcastle West regional athletics hub nears starting blockNext articleProperty deal puts Limerick boxing club into the top division Alan Jacqueshttp://www.limerickpost.ie WhatsApp Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” RELATED ARTICLESMORE FROM AUTHOR TAGSHealth Service Executive (HSE)limerickLimerick Mental Health Services center_img Advertisement A NEW information resource for older people has been hailed as a good solid starting point for the development of a comprehensive guide for services available to older people in the Limerick area both in times of need as well as vitality.Championed and developed by the Limerick Mental Health Services, the booklet is the culmination of a major engagement exercise with various service providers throughout Limerick to capture and record the services available to older people. The booklet covers a wide range of service information from education, keeping active, transport to health services.According to Simon Wale a senior clinical psychologist who was involved in the development of the booklet, it is important that older people know what is out there and what is going on locally.Sign up for the weekly Limerick Post newsletter Sign Up “It is a good solid starting point for the development of a comprehensive guide for services available to older people in the Limerick area both in times of need as well as vitality,” he enthused.The booklet is available from the HSE website under older person services. A hard copy of the booklet can also be requested from [email protected] Alan [email protected] Twitter Print Limerick’s National Camogie League double header to be streamed live Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Limerick Ladies National Football League opener to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads last_img read more

UL Hospitals Group react to INMO strike action

first_imgUniversity Hospital LimerickIn anticipation of the proposed strike action by the Irish Nurses and Midwives Organisation (INMO), UL Hospitals Group confirms there will be significant disruption and cancellation of routine services across all of its hospitals on Wednesday, January 30.UL Hospitals continues to work with the INMO to secure the safest possible level of nursing and midwifery cover in our hospitals during the period of the strike and contingency arrangements are being finalised.Sign up for the weekly Limerick Post newsletter Sign Up All outpatient clinics have been cancelled.  The vast majority of elective procedures have been cancelled. However, a small number of elective surgeries will take place at UHL. These are complex cases where surgery is time-critical and these patients are being contacted directly by the hospital.Where cancellations are taking place, the relevant hospitals are making every effort to contact those patients affected.Updates will be provided through local and social media.Services not available at UL Hospitals Group on the day of the strike (Wednesday, 30th January):·         Injury units will not operate·         Planned inpatient surgery is cancelled. Inpatient is when you need to stay in hospital for one night or more.·         Planned day case procedures are cancelled. Day case is when you are given a hospital bed or a trolley but will not stay overnight.·         All outpatient appointments are cancelled. This includes adult, maternity and paediatric appointments. Outpatient is when you go to hospital for an appointment but don’t stay overnight.·         If a pregnant woman needs urgent assessment due to the cancellation of an appointment, she should go to the emergency admission room at University Maternity Hospital LimerickServices that are operating UL Hospitals Group on the day of the strike:·         Emergency Department at UHL (adult and children). Please only attend our emergency services if absolutely essential·         Maternity services (Delivery suites, home births, special care baby units, neonatal)·         Colposcopy services·         Oncology services (chemotherapy and radiotherapy)·         Dialysis·         Planned obstetric procedures (based on clinical need)·         Palliative careUL Hospitals Group expects that the ED will be busy and is reminding members of the public to consider all their care options before presenting to the Emergency Department at UHL.  Members of the public with a less serious illness can be treated by their GP or out of hours GP service where their GP can refer them to an Assessment Unit if required.However, if you are seriously injured or ill or are worried your life is at risk the ED will assess and treat you as a priority.UL Hospitals Group sites include: University Hospital Limerick, University Maternity Hospital Limerick, Ennis Hospital, Nenagh Hospital, St John’s Hospital and Croom Orthopaedic Hospital Updated Statement UL Hospitals Group Cyber Attack and Cancellations Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites RELATED ARTICLESMORE FROM AUTHOR Email Print WhatsApp Previous articleCiara will not contest local electionsNext articleCompetition: Bubbles & Barks Valentine’s Pamper Package at Petmania Staff Reporterhttp://www.limerickpost.ie TAGShealthLimerick City and CountyNewsUL Hospitals Group NewsHealthUL Hospitals Group react to INMO strike actionBy Staff Reporter – January 29, 2019 921 center_img Limerick on Covid watch list Twitter UL Hospitals Group & Public Health Mid-West: COVID-19 Precautions ‘Imperative’ As Hospital Services Prioritised for the Most Unwell Patients in Wake of Cyber Attack Advertisement UL Hospitals Group announces gradual relaxation of access restrictions at maternity hospital Facebook Limerick Post Show | Careers & Health Sciences Event for TY Students Linkedinlast_img read more

Johnson lab goes green

first_img The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Remember America’s heroes on Memorial Day Johnson has developed an all-purpose, environmentally friendly cleaning product, Oxy Orange, that will disinfect as it cleans any and everything in its path.“Pike County has made a name for itself as being environmentally conscious,” Johnson said. “K&W Plastics is the largest recycler of polypropylene in the world and the City of Troy is a leader in recycling. So, how appropriate for Johnson Labs to come up with an environmentally responsible product.”Johnson has a patent for the all-purpose cleaning product that he has perfected. Oxy Orange is so environmentally friendly that it breaks down into water and oxygen. Pike County Sheriff’s Office offering community child ID kits Book Nook to reopen Sponsored Content You Might Like CC5 upgrades digital equipment By Kendra Majors Film fanatics should get ready to experience the the new digital equipment the Continental Cinema 5 has… read more By Jaine Treadwell Johnson lab goes green Plans underway for historic Pike County celebration Print Article Troy falls to No. 13 Clemson Skip Email the author Published 6:34 pm Thursday, December 18, 2008 Latest Stories By The Penny Hoarder Oxy Orange is a unique product that will be the only household cleaner that you will need and, with its use, you are protecting the environment.Oxy Orange is being used locally in the institutional market but, down the road, Johnson plans to offer the environmentally friendly cleaner on the retail market. And the Pike County Economic Development Corp. is ready to step up to the plate with marketing assistance.“We have a grant for our local marketing program,” said Marsha Gaylard, EDC president. “We encourage Pike County businesses to support other Pike County businesses by buying from and selling to each other. Pike County benefits when businesses look locally before going elsewhere. And, when they can’t find what they need locally, we encourage them to shop with Alabama industries. That way we keep money here in Pike County and in Alabama.”Oxy Orange is already being used at local industries and businesses in both the concentrated and ready-to-use forms as a “one do-it-all product.”Johnson Lab has gained wide recognition for its five other patents, four of which are used in the hunting industry as odor eliminators, and as insect repellants.Johnson is confident that once people began to recognize the benefits of Oxy Orange, the good smelling, hard working, environmentally friendly cleaner will be the all-purpose cleaner of choice both at home and “on the job.” “Water and oxygen, how much more environmentally friendly can you get?” Johnson said. “It has no harsh chemicals for you to breathe, get on your skin or flush down your drains. Oxy Orange will safely clean and disinfect everything from glass to countertops and carpets.”The biodegradable, germ-fighting clearer is made up of peroxide, orange oil and surfactants.“The benefits of hydrogen peroxide are many because it disinfects as it cleans,” Johnson said. “Orange oil is a natural solvent and the surfactants are the soap part of the product.Surfactants are the active agents that encapsulate dirt in the bubbles and lift and trap it so it can be removed. “Go Green” is the global movement of people working to sustain the world’s environment.And, for each and every person, the place to “Go Green” is right in his or her own backyard.That’s exactly what Louis Johnson, founder and owner of Johnson Labs in Troy, is doing. Around the WebMd: Do This Immediately if You Have Acid Reflux (Watch Now)Healthy LifestyleIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Monitoring vital if flexibility is to have an impact

first_img Comments are closed. Employers should monitor how many staff take advantage of the new right forparents to request flexible working, according to employment experts The WorkFoundation. The right, intended to help parents combine their work and homeresponsibilities, gives parents of children under six or disabled childrenunder 18 the right to request to work flexibly. Alexandra Jones, policy specialist at The Work Foundation, warned that ifcompanies rely on individuals to take the initiative to request flexibleworking, there is a risk that only a few will take advantage of the policies. “Valued employees with specialist skills may be confident aboutapproaching managers and building a business case for changes to their workingpatterns, but many individuals will not feel able to do so,” she said. www.workfoundation.com Previous Article Next Article Monitoring vital if flexibility is to have an impactOn 15 Apr 2003 in Personnel Today Related posts:No related photos.last_img read more

NCAA issues probation, one-year postseason ban against Georgia Tech men’s basketball program

first_img Beau Lund Written by September 26, 2019 /Sports News – National NCAA issues probation, one-year postseason ban against Georgia Tech men’s basketball programcenter_img FacebookTwitterLinkedInEmailjetcityimage/iStock(ATLANTA) — The NCAA committee on infractions has placed the Georgia Tech men’s basketball program on four years’ probation and banned the team from postseason play this year due to multiple rules violations.The basketball program will also lose one scholarship per year for the four years, as well as other restrictions on recruiting. The punishments come after reporting that recruits and players at Georgia Tech had received impermissible benefits from members of the program. In March, ESPN reported that assistant coach Darryl LaBarrie had been charged with a violation related to a 2016 strip club visit that included Georgia Tech alumnus and NBA player Jarrett Jack and then-recruit and current Chicago Bulls player Wendell Carter.The NCAA has ordered the school to disassociate from Jack for three years, the same length of time that the program self-imposed disassociation with LaBarrie.Jack reportedly provided Carter and an unidentified then-Georgia Tech basketball player with $300 for the strip club visit.“Adult entertainment has no place in the NCAA Collegiate Model,” the committee said in making its ruling. “It is particular abhorrent in the recruiting process where coaches and others in a position of trust are responsible for the well-being of high school students visiting their campus.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more