The Atlanta Hawks Basketball and Entertainment (AHBE) LLC has recently filed a lawsuit against New Hampshire Insurance Company for breach of contract. This suit involved the settlement of claims made by the franchise’s former general manager, Danny Ferry. The former ownership of the group included Bruce Levenson.
The lawsuit doesn’t, however, involve current ownership which is led by Tony Ressler. The lawsuit is the group’s legal reaction to the breach of contract and bad faith by the insurance company also referred to as AIG. According to the AHBE, the insurance policy would cover various losses linked to employment such as wrongful termination among others.
The group led by Ressler bought the franchise on 22 June 2015. This marked the end of the business relationship which began in 2012 with a six-year contract of $18 million. The current spokesman of the Hawks said that since the complainants are no longer part of the Atlanta Hawks Organization, the group is not involved. Based on the lawsuit, the insurance company has ignored the claims and has not accepted that the policy has been provoked. The AIG, on the other hand, cannot prove that the claim was not made before or that it was not covered in the original dispensation.
Bruce Levenson graduated from law school at American University. During that time, he also started his career in journalism. Before this, he had been to Washington University in St. Louis. Together with Ed Peskowitz, he founded the United Communication Group (UCG). They later bought the Atlanta Hawks from Turner Broadcasting making them major partners.
In 2014, he announced on Forbes his plans to sell his share of the group. He did it with the help of an investment banking firm. He also takes part in various philanthropic organizations such as the Community Foundation of Washington, D.C.