Former Ownership of NBA Franchise (Hawks) Sues Insurance Company for Breach of Contract

The Atlanta Hawks Basketball and Entertainment LLC (AHBE), which previously owned NBA franchise has sued the New Hampshire Insurance Company for breaching the contract concerning the claims’ settlement made by Danny Ferry, the former general manager. Bruce Levenson was the controlling partner of the AHBE (former Hawks ownership group). The existing Hawks ownership team headed by Forbes billionaire Tony Ressler (the principle owner), is not involved in the lawsuit in any way.

Highlights of the lawsuit

On September 13, AHBE filed the lawsuit in the Superior Court of Fulton County against the insurance firm also called AIG. The lawsuit is a civil action for insurance bad faith and contract breach. According to AHBE, it acquired a policy that covered it against certain losses associated with employment practices such as “Workplace Torts” and “Wrongful Termination.” On April 2, 2015, AHBE notified AIG that Danny Ferry had made claims, which it believed were covered. However, the insurance company declined to provide settlement without any justifiable reasons. AHBE is being represented Barnes & Thornburg LLP.

About Bruce Levenson

Bruce Levenson is a proficient investor, astute leader, and an accomplished writer. He co-founded the United Communications Group (http://www.ucg.com/AboutUs/Ownership.aspx) with Mr. Ed Peskowitz in 1977 and currently serves as the Partner. Before launching UCG, Mr. Levenson served as a writer for the Observer Publishing and Washington Publishing. He has been in charge of TechTarget, Inc. as from February 10, 2015. He has been part of several boards of directors such as Electronic Publishers Association and Newsletter.

Bruce Levenson is a prominent name in the philanthropy world. He has served as the President of the Washington-based “I Have a Dream Foundation.” Under his leadership, the foundation has supported the needy student to achieve their higher education goals. He funds community initiatives that promote education and works toward the eradication of poverty. With an Arts degree, a J.D from esteemed universities and a flourishing career, Mr. Levenson is admirably well spoken.