Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached “its disclosure obligations,” according to a Reuters story.
The fund bought just under A$30,000 ($23,466) worth of Billabong shares at an average of A$4.35 per share in November 2011, the statement from the legal firm added. The shares later fell following a series of earnings downgrades. . . If Billabong had been more forthright, the fund “would either have bought Billabong securities at a price which had not been artificially inflated or they would have acquired securities in another listed entity instead”, the statement added.
Not surprisingly Billabong disagrees and says it will “vigorously defend” itself.
In 2005 the architecture firm (N-1) designed what just may be the ultimate snow shred house on the edge of Whistler, BC’s Khyber Ridge, according to story in HUH Magazine.
Consisting of five floors, the majority of the residence has a huge glass facade and a large terrace, making the most of the stunning views, while the guesthouse on the lower level has been embedded deeper in the rock to allow for as much privacy as possible. On the mountain side of the building, which receives very little light, windows have still been added to remind the inhabitants of their close relationship with this harsh environment. Upstairs, a green roof has been added to enable to structure to better blend into the landscape.
So, exactly which “professional snowboarder” had this house built ten years ago? Appears it’s Marc Morisset! (thanks, commenters!) For more photos, click the link.
Nothing like a fast new car and a couple good waves to get the blood pumping in the morning. Highsnobiety, Mercedes, and Marlon Lipke get together to make it all work. This edit is another reminder, however, that each time we see a Mercedes it makes us want to test drive a Tesla. . . is that weird?
Rob Dyrdek is taking the Street League Skateboarding message into all the world for 2015 with a “pro open” scheduled for Barcelona, Spain May 16-17, 2015.
Following the SLS Nike SB Pro Open in Barcelona, the 2015 SLS Nike SB World Tour officially kicks off in Los Angeles, CA, moving on to New York City neighbor Newark, NJ, then on to Chicago, IL. The season’s first arena stop will return to skateboarding’s hometown of Los Angeles, where in 2014 SLS saw its first ever sold-out crowd. Also a first in League history, SLS will bring the full 25-Pro League roster out to the East Coast where traditionally fans there have witnessed only the Top 8 Pros battle it out in the SLS Nike SB Super Crown World Championship. In 2015, the SLS Nike SB Super Crown World Championship will now be held in the America’s heartland in Chicago, IL, bridging the East and West Coast skate scenes.
For the official word from Street League, including dates, locations, and TV broadcast schedule, please follow the jump. [click to continue…]
The Going Off Grid show host Laura Ling gets a tour of Mikey Basich’s Area 241 house on 40 acres near Northern California’s Donner Summit. It’s a great look into living right. To bed with the sun, up with the sun. Man, brother Mikey!
Snowboarder Kjersti Buaas has some new gear up and protecting her eyeballs. Yep, she’s reportedly now on the Zeal Optic program.
Growing up in Norway, Kjersti was on skis before most of us began walking. Starting at age one, Kjersti was born to be on the snow. At age 12, she tried snowboarding for the first time, and was instantly hooked. “My passion for snowboarding started at age 12, when I tried it for the first time and absolutely fell in love. Since then, I have had this never ending motivation to learn and express myself as much on my board as I possible can, whether it’s a trick in the park or if it’s just a lofty air into powder” says Kjersti.
After watching Luan Oliveira over-kill the 2015 Tampa Pro we’re seriously wondering if there will ever be a better display of technical contest skateboarding, ever. Not only did Oliveira hit every single thing he tried in his final runs, he kept going long after his time was up with five or six more makes before a miss. In fact, in his winning run he went 20 tricks deep before a falter. It was mind-blowing.
Sure, Nyjah Huston, who finished in second, gave it a solid go with his practiced precision, but Oliveira’s threw everything he had at it and he didn’t miss. Watch the video and you’ll see. For the complete results, follow the jump. [click to continue…]
Last night, at Albuquerque, New Mexico’s Los Altos Skate Park, seven people were shot and one has died, another is in critical condition, according to a story in the Albuquerque Journal.
One person is dead and six others injured following a Sunday night shooting at a skate park in Northeast Albuquerque and police don’t know who the shooter or shooters are, a spokesman said. . . Officers were called to Los Altos skate park just before 10 p.m. Sunday night. They arrived to find a large crowd, with one person dead on the sidewalk and others injured, Albuquerque Police Department spokesman Tanner Tixier said. Three people were immediately rushed to a local hospital.
According to a story on KRQE.com it all started with a fight:
Police are not saying what led up to the shooting, but witnesses said it started as a fight, then one man went to his car, grabbed a gun and started shooting. . . At this time one subject is deceased and another is in critical condition. The other five victims appear to have sustained non-life threatening injuries. . . Witnesses said the fight Sunday possibly started over a stolen skateboard. Then they said someone started shooting. . . “I don’t know, I can’t even explain it because I’m just hoping my sister’s alright because I don’t know really what happened,” said witness Mariah Cruz. “They just started shooting and stuff and my godmother and stuff were just holding their kids.”
The Los Altos Skatepark reportedly has a long history of violence. Our thoughts are with the victims and their families and we hope justice is eventually served.
Beachgrit.com’sChas Smith has started a petition on Change.org suggesting that there should be “No Hate-Mongering in Surf Media by The Inertia.” We don’t read the inert site ourselves, but apparently a writer there started a petition to get Gabriel Medina suspended from the Pro Show because he went off script during that apparel sponsored event at Snapper Rocks. And Chas didn’t like that one bit:
Trey Highton, whose title is Poet/Surf Scholar/Ocean Activist (and whose name might actually be Henry), posted a 15,000 word piece today titled Gabriel Medina, Samsung and the Axis of Evil. In it he argues that Gabby should be fined $101,000 for using swears and criticizing commissioner Kieren Perrow (hereafter “Pierrow”) and suspended from Bells.
We couldn’t believe Highton’s story (or petition) was anything more than a joke and/or link bait. (Even though that event production company has apparently fined the current world champ). But again, we don’t really understand where most of the site’s writers are coming from. If you’d like to jump in on the high jinks please, click the link.
Okay, so it’s taken Active Ride Shop a while to truly embrace the digital future, but since they made the effort we might as well welcome them with open arms. Yes, On March 19, 2015 Active launched its first “digital catalog.”
Viewers that click on an Active team rider or brand spotlight within the catalog are brought to the online store where they can see the entire collection and easily make a purchase. Known for providing the best product and service in the skate mail order business, this new digital catalog will compliment Active’s multi-medium mail order business that will still include its classic printed catalog. . . The world has become a very digital and social place in the time since print catalogs and magazines were king. The new Active Ride Shop Spring 15 digital catalog connects with people’s lifestyles through their phones, iPads or computers with social media buttons built into it so readers can easily share the newest signature product, Active Team Rider skate shots and brand features with their friends.
Again, it sounds a lot like what we were telling people in 1996, but then we were a little too far ahead of the curve on that one. Maybe now is the perfect time to jump in. Gotta admit, it’s a pretty smooth way to look at all the gear that’s out for sale right now. Much easier than burrowing through all the brands’ websites. For the official word from Active, please follow the jump.
Some investors (Malone Family Superannuation Fund) who lost money when Billabong shares tanked in 2012 are now suing the company saying Billabong breached “its disclosure obligations,” according to a Reuters story.
