The I Could Do Great Things Foundation, founded in 2009 by Stuart M. Grant and Suzanne B. Grant, announced the application period is open for the sixth annual Beau Biden Memorial Scholarship, given in memory of the late Beau Biden, a former Delaware attorney general who passed away in 2015.
This $10,000 scholarship will be given to a Delaware high school senior who plans to continue their education at a university of their choice, and who embodies the virtues Biden was known for. A selfless man, Beau Biden exhibited qualities of leadership, community, civility and respect, and he had a strong moral compass.
The I Could Do Great Things Foundation was created with the belief that there are lots of young people who could do great things if only they had the financial wherewithal to fund their ideas. The Beau Biden Memorial Scholarship seeks to support a student pursuing college who reflects the qualities of the founders’ dear friend Beau.
Applications are due by Wednesday, March 31. Interviews with finalists will be held in April. The winners will be announced in late April. To obtain the application, visit our Beau Biden Scholarship Page.
(Bloomberg) — A growing market niche where investors profit from others’ legal troubles is getting a boost from Covid.
Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for choice after a landmark U.K. court ruling last month rejected pleas from insurers looking to dodge pandemic payouts. They’re looking to finance or buy denied Covid-19 insurance claims for policyholders without the means or stomach for taking their insurers to court.
“This is going to be huge,” said Steve Cooklin, chief executive officer of London-based litigation funder Manolete Partners Plc, whose biggest shareholder is veteran distressed investor Jon Moulton. “It’s hard to say at this stage how big exactly this issue is, but it’s probably going to be in the hundreds of millions of pounds.”
Insurers have warned that Covid-19 coverage claims could top as much as $100 billion –- potentially the industry’s largest loss in history. Business-interruption coverage, which protects against losses when companies have to shut for a period of time, has been one of the most costly and contentious policy lines in the pandemic. U.K. virus-related claims, including on business-interruption policies, could exceed $2 billion.
A real-world example involves bankrupt U.S. department-store operator Century 21’s decision to sell its rejected business-interruption claim for $59 million in December, according to court documents. The Gindi family, which owns the retailer, bought back the right to the $150 million policy, betting it will pay off in the long run.
So far, insurers are faring well in the U.S. courts, where judges have backed coverage rejections at a rate four times higher than the claims are being allowed, according to an analysis by a University of Pennsylvania researcher. The key to making this new form of litigation arbitrage pay is a cold-eyed policy assessment by seasoned insurance lawyers to find language backing up coverage demands, said Stuart Grant, head of Bench Walk Advisors, a litigation funder with offices in New York and London.“These are challenging investments,” said Grant. “Since this is bespoke financing, you have to tread carefully.”
Suzanne Grant and Stuart Grant of Delaware with Monomoy Girl’s Breeders’ Cup trophy after the celebrated mare’s rousing victory at Keeneland on Saturday, Nov. 7, 2020. Monomoy Girl capped a storybook career by winning the $2 million Breeders’ Cup Distaff. Ridden by Florent Geroux, Monomoy Girl swept to the lead with a quarter-mile remaining in the 1 1/8-mile race. Monomoy Girl, the 2018 Distaff winner, became just the fourth two-time winner in the 37-year history of the race, following Bayakoa (1989-90), Royal Delta (2011-12), and Beholder (2013, 2016).
Monomoy Girl, trained by Brad Cox, is owned by The Elkstone Group (Stuart Grant-Delaware), Monomoy Stables, Michael Dubb, and Bethlehem Stables.
Stuart Grant celebrated Monomoy Girl’s success at the Breeder’s Cup Distaff Press Conference, saying:
STUART GRANT (of Delaware): It’s so exciting and it’s so exciting to do it with great partners. We have been together for awhile. We have a number of horses, but this one is the most special. The idea not only that she has all the Grade 1 wins in two Breeders’ Cups, an Eclipse Award, but she did it with a 18-month gap in between. You think about a professional athlete coming back from that kind of period of being off, it’s just unbelievable.
LEXINGTON – In what may have been the final race of her career, Monomoy Girl left no doubt concerning the discussion of top female thoroughbred in the United States.
After breaking from the outside No. 10 post position and racing three-wide in both turns, Monomoy Girl rallied down the stretch to win Saturday’s $2 million, Grade 1 Breeders’ Cup Distaff at Keeneland.
The 5-year-old Monomoy Girl won the Distaff for the second time in three years and improved to 13-2-0 in 15 career races.
It was the fourth Breeders’ Cup victory of the weekend for trainer and Louisville native Brad Cox, tying Richard Mandella for the most in one year. Cox used the word “greatness” to describe Monomoy Girl.
Monomoy Girl won the Kentucky Oaks and Breeders’ Cup Distaff in 2018 and then missed all of 2019 after battling colic and a muscle strain. All she did upon her return was go 4 for 4 with a trio of graded-stakes victories.
“Honestly, it’s a relief,” Cox said. “She means the world to me, and it’s a lot of pressure when we run her. I don’t know why. It just is. It’s been a long road back. … She’s an amazing creature. I love her to pieces.
“She’s a mare of a lifetime, very rare,” Geroux said. “It’s like finding a diamond.”
The 2018 Longines Distaff winner Monomoy Girl continues to impress her trainer Brad Cox as she prepares for his second start in the race. The Tapizar mare won the 2018 Ashland at Keeneland to give Cox his first career Grade 1 before capturing the Kentucky Oaks and eventually ending that year with her Breeders’ Cup score. This year’s Distaff will be only her second start at the famed Lexington track, but she is very familiar with her surroundings here.
“She’s good, really good,” Cox said. “She’s as good as she’s ever been honestly. It’s scary to see how well she’s moving, how happy she is and how fresh she is. She really likes Keeneland. She spent a lot of time here as a 2-year-old and obviously won the Ashland here and prepared for the Ashland here. She was here for a few weeks before the race then. And, she spent a good time here this spring. Most of her works before getting back to races were here at Keeneland. She does love it here, there’s no doubt about it.”
Monomoy Girl had a routine gallop Wednesday with regular rider Fernando Espinoza on board.