Altanta Hawks Ownership Takes Insurance Company to Court

Though no longer in control of the team, Atlanta Hawks Basketball and Entertainment LLC, and its leader Bruce Levenson, are taking the New Hampshire Insurance Company to court over a what may be a breach in the company’s policy.

Following the company’s separation with former General Manager Danny Ferry, Levenson’s company claimed their insurance company failed to live up to what was stipulated in its policy, which ought to have covered workplace termination and related torts. In June of last year, Ferry reached a settlement with Levenson’s company to break his six-year contract at the halfway point. While the sum Ferry walked away with remains undisclosed we do know that the team’s insurance provider did not pay out. As a result ESPN reports that Levenson’s company has filed a lawsuit with the Supreme Court of Fulton County for insurance bad faith and breach of contract.

The court is unable to disclose the amount in damages Bruce Levenson’s company is seeking from their insurance provider, but his lawyers seem confident that their case has enough merit to expose a breach in the policy that ought to have covered Ferry’s separation from the team. By neglecting their role in that legal exchange and refusing to back Levenson’s interests, the insurance company may be found liable.

About Bruce Levenson:

Bruce Levenson’s professional career began writing for the Washington Star before branching his talents out to Oliver Publishing. Before long, Levenson turned to business. Along with Ed Peskowitz, he founded the United Communications Group, where he has been Partner for more than 20 years. This hasn’t slowed down his interests in other ventures, such as owning the Atlanta Hawks and taking on the role of Director for Tech target.

When he isn’t busy with his professional life Levenson is active in philanthropy, says PR News. Most notably, he’s served as President of the “I Have a Dream Foundation”.

Related: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/