The former ownership group of NBA Franchise, The Atlanta Hawks Basketball and Entertainment LLC, has filed a lawsuit against New Hampshire Insurance Company, for breaching a contract that involved the settlement of a claim made by Danny Ferry the former general manager. The lawsuit does not affect the current Hawks ownership group that is led by the principle Tony Ressler, see, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/. The suit was filed on September 13th, 2016 in the Superior Court of Fulton County against the insurance company, is a civil action for breach contract and the insurance bad faith.
The Atlanta Hawks Basketball and Entertainment LLC. States that the insurance covered it under policy coverage for losses associated with employment performance that also included wrong terminations and wrong work torts this is according to the court’s documents. On June 22, 2015, Ferry and AHBE LLC agreed to end the relationship that they started in 2012 with signing 18 million dollar contract, two days later they agreed to sale the franchise group that is now being led by Ressler. Tony stated on ESPN that they were aware of the complaints and that the former principles of AHBE had no responsibilities in the organization. The court said that the confidential limits of liability are enough to pay the AHBE’s claims. The lawsuit further stated that AIG has refused to acknowledge that the complaint has been made and also a contract was activated. AIG has also refused to pay for the loss without significant good reason and with bad faith.
Bruce Levenson is an American businessman who was born in Washington D.C to a Jewish family, and he grew up in Maryland Chevy Chase. Bruce is a philanthropist, a former NBA owner and he formally co-owned Atlanta Hawks Basketball Entertainment LLC. Levenson attended Washington University in St. Louis and is a law graduate of American University.
Bruce is a go-getter, and while attending school during the night, he started his career as a journalist at Washington Star. He has also held various positions in his career like being a governor in the NBA Board of Governors, and Bruce Levenson is the co-founder of United Communications Group. According to PR News, he has also served as the President of Washington chapter of I have a Dream Foundation, an organization responsible for helping the less fortunate children to pursue higher education.
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