Bruce Levenson Leads his Previous Hawks Ownership Group in Seeking Compensation from New Hampshire Insurance
Bruce Levenson is leading the former ownership team of Atlanta Hawks Basketball in filing a breach of contract lawsuit against New Hampshire Insurance Company. The lawsuit accuses the Insurance Company of failing to honor the terms signed by its retired general manager, Danny Ferry. Levenson has clarified that lawsuit involves the previous Hawks ownership team and not the current team headed by Forbes billionaire Tony Ressler.
Details of the lawsuit
The previous ownership group of Atlanta Basketball known as the Atlanta Hawks Basketball and Entertainment LLC (AHBE) filed the lawsuit on September 13, 2016. AHBE sues the insurance firm for insurance bad faith as well as contract breach. AHBE claims the policy it acquired from New Hampshire Insurance Company protected it from certain losses associated with employment malpractices such as workplace torts and wrongful termination. The lawsuit indicates that the insurance firm has declined to accept that AHBE made a claim and declined to accept that the policy has been activated.
Bruce Levenson’s facts
Bruce Levenson is a smart entrepreneur and talented dealmaker. He was in charge of Atlanta Hawks and was part of NBA Board of Governors as the Hawks’ Governor since 2004. In 1977, he joined hands with Ed Peskowitz to launch United Communications Group (UCG, http://www.ucg.com/AboutUs/Ownership.aspx), a diversified portfolio of reliable business information firms. Currently, UCG is one of the world’s biggest business information companies that are privately held. It offers advanced information to over two million clients across many business sectors such as energy telecommunications, technology, financial services, and healthcare.
Education and other interests
Bruce Levenson is an alumnus of two prominent universities: American University of Law and St. Louis-headquartered Washington University. Before unveiling UCG, he was an editor for the Washington Star’s energy publication. Bruce Levenson is a philanthropist, passionate basketball player, skier, and golfer. Levenson is also an adventure traveler.