Bruce Levenson Leads the Former Ownership Group in Filing a Lawsuit against AIG

Bruce Levenson is an entrepreneur, philanthropist and a co-founder of the United Communications Group (UCG) in 1997. Mr. Levenson serves on the Board of Director of the TechTarget, an IT industry company from February 2015. He Levenson pursued a bachelor’s degree in Arts from Washington University and a J.D. from American University. He was a journalist for the Washington Star and wrote for the Observer Publishing before he co-founded UCG. Bruce Levenson also served on the Board of Directors of the Newsletter and Electronic Publishers Group. He has involved in different charities in U.S and served as the President of the I Have a Dream Foundation.

Bruce Levenson, Ed Peskowitz, and Tore Foreman purchased the Atlanta Hawks LLC (formerly known as Atlanta Spirit LLC) from Turner Broadcasting on 2004. Since inception, Mr. Levenson worked as the Hawks Governor, the Managing Partner, and a member of the NBA Board of Governors. The group announced its plans to sell its 50.1% stake in 2014, and this attracted several different buyers. Antony Resler-Grant Hill Group won the bidding and purchased Mr. Levenson’s, and other investors stake at $850 million.

In a report by ESPN, the former Hawks Ownership Group (AHBE) filed a lawsuit against the New Hampshire Insurance Company (AIG) for a breach of contract and failure to pay covered losses in the settlement. Danny Ferry, the former Hawks General Manager, made the claims. AHBE had an insurance cover of losses related to employment including wrongful termination and workplace torts. The lawsuit states the “insurance company did not acknowledge that it had triggered the policy and they also refused to accept the coverage of the same.” The lawsuit seeks to give an additional 50% penalty for unpaid losses and the coverage of the attorneys’ fees. The current Hawks ownership spokesperson claimed that they were aware of the complaint, but they have did not intend to get involved with the case.

https://en.wikipedia.org/wiki/Bruce_Levenson