The Atlanta Hawks Basketball and Entertainment LLC (AHBE) is the former owner of the NBA franchise, Hawks. AHBE, through their then General Manager, Danny Ferry, according to Forbes.com, sold the franchise to the Ressler-led group in June 2015. However, the buyout agreement was never disclosed. AHBE filed a lawsuit against New Hampshire Insurance Company for violation of contract that involved covering claims made by Danny Ferry. The former ownership group, which included Bruce Levenson, filed the lawsuit in the superior Court of Fulton County in September 2015.
AHBE complained that New Hampshire Insurance Company, also called AIG, insured them under a policy that covers specific losses related to employment. This policy included certain acts of “Wrongful Termination” and “Workplace Torts.” Court documents state that in April, AHBE notified AIG that Ferry’s claims had been covered. The documents went further to explain that AIG had refused to acknowledge the claims and ignored the fact that the claims triggered the AIG policy. AHBE claimed that AIG’s steadfast refusal to acknowledge the claims and accept to cover them was malicious. The former Hawks ownership demanded an additional 50% penalty for the uncovered loss and all other costs, including attorney’s fee. This information was originally reported on AJC.com as provided in the following link http://www.ajc.com/news/sports/basketball/former-hawks-ownership-sues-insurance-company-over/nsXzr/
About Bruce Levenson
Bruce Levenson is the former Hawks owner and proprietor of Atlanta Spirit, LLC. He is the co-founder of United Communications Group (UGC) where he is also a partner. Bruce served on the NBA Board of Governors and was a founding member of Tech Target. The businessman is an alumnus of the esteemed Washington University in St. Louis and the prestigious American University. At the latter, he studied law. Bruce pursued his career in journalism at the former. In 1977, Bruce and Ed Peskowitz established UCG, an information company that focuses on data, analysis and news of several fields, including healthcare and telecommunications. As an active philanthropist, Bruce Levenson has supported projects like the Hoop Dreams Foundation, Community Foundation of Washington, U.S. Holocaust Museum, the SEED Foundation and various Jewish causes.