The Atlanta Hawks Basketball and Entertainment LLC; recently filed a lawsuit against its insurance company; New Hampshire Insurance Company. The former owner of NBA franchise filed a case against the insurance company for breach of contract which involved the settlement of entitlements which were made by the previous manager Danny Ferry. The case also involves the former controlling partner Bruce Levenson but does not include the current management which is led by its manager Forbes billionaire Tony Ressler. The Basketball organization filed the lawsuit in the Superior Court of Fulton County. Atlanta Hawks Basketball claims that it was insured against employment losses.
According to the records produced by the court, Atlanta Hawks Basketball gave its insurance company which is well known as AIG notice on April 2, 2015, claiming that they have gone against their agreements which they trusted they were covered. The current management said that it is aware of the complaint and that they were not ready to comment on the issue. The court reports stated that the claims were enough for the Hampshire Insurance Company to pay Atlanta Hawks Basketball group. The court report further said that AIG refused to participate in the court case and also denied that the sports company was covered under the policy.
Bruce Levenson can well be described as an American entrepreneur who has been able to achieve a lot in his life. Among the business he successfully established is UCG and NBA Franchise; Atlanta Hawks Basketball LLC. Mr. Bruce is also a philanthropist who was born in a Jewish family and grew up in Chevy Chase, Maryland. After he had completed his High school studies, he attended Washington University in St. Louis and American University where he graduated with a degree in Law. Levenson began his career as a journalist working at Washington Star and later co-established United Communications Group. Bruce Levenson is not only a business person, but he also participates in community activities including Hoop Dreams Foundations and Community Foundation of Washington D.C.