Bruce Levenson Recap; a Controlling Partner in AHBE, Which Filed a Lawsuit against New Hampshire Insurance Company
The former Atlanta Hawks Basketball and Entertainment LLC management team, the AHBE, including Bruce Levenson as a controlling partner, filed a lawsuit on 13th September 2016 in the Superior Court of Fulton County. In The court case (the AIG lawsuit), AHBE complains of a breach of contract by the New Hampshire Insurance Company, with regards to settlement claims by Danny Ferry, the former general manager. In the lawsuit, AHBE claims to have been covered, by the insurance policy, against loses relating to employment practices. AHBE is said to have notified AIG of the assertion of claims by Ferry on April 2, 2015.
According to ESPN the $18 million, six year contract between Hawks and Ferry came to an end on June 22, 2015, following a buyout agreement, but the details were not disclosed. This was followed by an approval to sell the franchise two years later. Through its spokesman, the current ownership of Hawks says that it is aware of such complaints, but cannot comment on the matter because the parties involved are not linked to the Atlanta Hawks organization anymore. While the amount being claimed in this lawsuit is confidential, court documents have revealed that part of the claim amount is a penalty for attorney’s costs and fees as well as an unpaid loss.
About Bruce Levenson
Although Bruce Levenson is a Washington-born Jew, he was brought up in Chevy Chase, Maryland. After college education at the Washington University St. Louis, Levenson attended the American University Law School. After graduation, the Bruce started his career by working with the Washington Star. In 1977, the businessman co-founded the United Communications Group (UCG). In addition to this successful business venture, Bruce is a former owner of an NBA team as well as a popular philanthropist. Read more on brucelevenson.com.
Levenson was also a co-owner of the Atlanta Hawks LLC, a company that was initially referred to as the Atlanta Spirit LLC. It is this company that owns and manages the Philips Arena as well as the Atlanta Hawks basketball team.