The previous ownership of NBA Group Franchise which is Atlanta Hawks Basketball Entertainment LLC, recently filed a case against New Hampshire Insurance Company for breach of contract. The case filed in court involved the former general manager Danny Ferry, former Hawks Ownership Group Including Bruce Levenson but it did not affect the current management of Atlanta Hawks Basketball Entertainment led by Tony Ressler. http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/
Atlanta Hawks Basketball Entertainment LLC management filed the case in the Superior Court of Fulton County on September 13th, 2016. According to Time, the case was filed against the insurance company which is well known as AIG insurance. AIG was accused of civil breach as well as bad insurance faith. The sports company said that it was insured with AIG insurance for coverage against employment losses including acts of termination of duty as well as work tort. The court documents clearly indicated that Atlanta Hawks Basketball Entertainment issued noticed to its insurance company on April 2nd, 2015, which showed that, I to was proclaimed by Ferry and which it believed they were covered.
The two companies did not agree on something that led to the end of their six years relationship which began in 2012. The current Atlanta Hawks Ownership said it was aware of the complaints and the former management is no longer involved with the company’s management and had no comments. The court documents claimed that the confidential limit of liability of the coverage was enough to pay Atlanta Hawks Basketball Entertainment. The lawsuit also stated that AIG denied the claims and also refused that the policy was breached.
Bruce Leveson is an American Entrepreneur who is the former owner of Atlanta Basketball Entertainment LLC. Bruce was born in a Jewish family and raised in Washington D.C. After High school graduation, he attended Washington University St Louis, and he also graduated with a law degree from law school at American University. Bruce is also involved with philanthropic activities in the community. He is the President of I Have a Dream Foundation, an organization which created to assist low-income children in pursuing education.
For more info, check out Bruce Levenson’s Wiki page.