Category : NBA Teams

Former Owners Of Atlanta Hawks Sue Insurance Company

The Atlanta Hawks Basketball and Entertainment (AHBE) company, which was once partially owned by Bruce Levenson, has filed a lawsuit against New Hampshire Insurance Company. AHBE alleges the insurance company breached a contract that involves the settlement of claims that were brought forth by Danny Ferry, the former general manager.

The lawsuit was filed a few years ago in the Superior Court of Fulton. The insurance company was AIG. AHBE believed a policy covered them for certain losses that related to acts of wrongful termination, workplace torts and other types of employment practices.

In a report by Forbes, during the summer of 2015, the Hawks and Ferry reached an agreement that ended the relationship. The approval of the sale of the franchise came just days later. The current owners of the Hawks knew about the complaint and they said the principal parties that were involved in the complaint do not have ties with the Atlanta Hawks organization.

About Bruce Levenson

As mentioned on Wikipedia, Levenson once owned the Atlanta Hawks basketball team. He co-founded the company UCG back in 1977. The businessman is a founding board member of TechTarget and he worked as an adviser for BIA Digital Partners.

As of now, the lawsuit has not been resolved and Bruce Levenson continues to work in the business and philanthropic world.