Category: Team Ownership Group

Bruce Levenson Seeks A Financial Settlement From AIG

The termination of the contract of former Atlanta Hawks General Manager Danny Ferry has been the subject of an ongoing insurance claim between the former owners of the NBA franchise and the insurance giant AIG. Papers have now been filed with the Superior Court of Fulton County as Bruce Levenson‘s Atlanta Hawks Basketball & Entertainment LLC consortium seeks to bring a legal end to a matter they believe should have resulted in a speedy payout from the insurance company, but has now resulted in Levenson’s legal team submitting a breach of contract claim against AIG.

ESPN describes Bruce Levenson to be one of the best known innovators in the field of communications and technology ever since he and business partner Ed Peskowitz founded the Oil Express newsletter in the 1970s. The single newsletter used the journalism skills of the University of Washington graduate and changed the oil industry newsletter sector in a short space of time, resulting in the establishment of the United Communications group; Levenson and Peskowitz have developed UCG into one of the top real time information providers for different industrial sectors ever since and continue to find success in new areas of technology and communications.

Despite the business success Bruce Levenson has achieved he has never placed a quick profit above the success of the community he works in on a regular basis. Levenson has ensured UCG remains headquartered in Washington D.C. to aid the local economy and uses his own success as a way of promoting the area in its many forms. Bruce Levenson has been a major supporter of many philanthropic groups around the Washington D.C. and Maryland areas, as well as bringing his skills as a community leader to the Atlanta area during his decade as the head of the Atlanta Hawks NBA franchise during its dramatic movement towards a successful future.

 

The New Hampshire Insurance Company Agreement Breach Allegations

The New Hampshire Insurance Company under its old general manager, Danny Ferry, was issued with a court case from Entertainment LLC and Atlanta Hawks Basketball for alleged agreement violation. The lawsuit was filed on 13th September this year in the Fulton County Superior Court by Bruce Levenson.

Levenson, the former ownership group of the NBA franchise, has accused the New Hampshire Insurance Company of civil action contract breach and bad faith insurance. Bruce Levenson, who associations with the NBA teams in the past, is also a former owner of the Atlanta Hawks LLC. It holds the Philips Arena and the Atlanta Hawks basketball team. According to him, his old company was entitled to policy claims and cover for losses incurred during wrongful workplace termination.

Atlanta Hawks sought for this legal action after the New Hampshire supposedly withheld payments of the covered losses in bad faith and without significant justification. According to ESPN, the claims affirm their starts due to the refusal of the company to acknowledge the complaints in the first place. The allegations also accuse the New Hampshire of steadfast refusal to associate in defense of the asserted claims. The court declarations also cite the New Hampshire of failure to accept involvement in the discussions between Ferry’s and Hawk’s counsel.

Documents availed in the Fulton County Superior Court bear substantial secret evidence for liability claims. The claims fall under the agreement obligations granted during the contract negotiation between the two parties.

According to Bruce Levenson, the current Hawks ownership spokesperson, the whole company is acutely aware of the complaint. Hence, the New Hampshire no longer has associations with the Atlanta Hawks. The New Hampshire Insurance Company returned an email immediately claiming that it had no further comments on the matter. However, Bruce Levenson and his company still pay for compensation of additional attorney’s costs and unpaid loss fees. Visit the brucelevenson.com website to learn more.