The Former Hawks Owners have sued the New Hampshire Insurance Company over Unsettled Claims
The former owners of NBA franchise, Atlanta Hawks Basketball and Entertainment LLC has sued New Hampshire Insurance Company for breaching of a contract. According to Wikipedia.org, the contract involved settling claims made by Danny Ferry the former general manager of the insurance company. Bruce Levenson was the controlling partner of the previous owners of the franchise. The current ownership group of the Hawks is under the control of one of the principal owners, Tony Ressler though not connected to the said lawsuit. See, http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks.
Facts about the Law Suit
The case was filed on September 13, 2015, in the Superior Court of Fulton County and labeled as AIG, that is, a civil action against the insurance company. Hawks claimed that the contract was under a policy for coverage of some losses relating to employment practices such as wrongful termination and workplace torts. Some court documents indicated that the Hawks had tabled their notice to AIG on April 2, 2015, saying that the claims have been asserted by Ferry.
The lawsuit says that the AIG has declined to acknowledge the existence of the claim or the activation of the policy despite that confidential limits of the policy’s liability are enough to play the Hawk’s claim. The spokesman of new owners of Hawks says they are aware of the complaint and since the parties involved have no connection to Atlanta Hawks anymore they will not comment on the matter further. The lawsuit was also claiming a 50 percent penalty of the unsettled loss as well as coverage of the attorney fees and costs.
About Bruce Levenson
Levenson is an American Entrepreneur and philanthropist who formerly led a group owning NBA franchise, the Atlanta Hawks LLC where he was a co-owner controlling the Atlanta Hawks basketball team. Bruce is a graduate from a law school at the American University, and while still studying, he started his journalism career at Washington Star. According to Time Magazine, he has founded several business groups and served in several companies as well holding managerial positions.