Bruce Levenson’s Atlanta Hawks Ownership Group Seek To End AIG Insurance Fight

An ongoing insurance dispute between the former ownership group of the Atlanta Hawks NBA franchise and the New Hampshire based insurance giant AIG that has been in play since the Summer of 2015 looks set to end in court after the Bruce Levenson led former consortium filed papers alleging breach of contract on the part of the insurance provider. The papers have been filed at a Fulton County Court by the legal team for Bruce Levenson and his fellow former owners of the Hawks franchise who believe a constructive dismissal claim should have been completed as part of an insurance policy held at the time former General Manager Danny Ferry agreed to a mutual termination of his six year $12 million contract.

The legal team for Bruce Levenson has stated an initial claim was discussed as early as April 2015 by the then Hawks owners as negotiations were taking place with potential buyers for the franchise over comments made by Danny Ferry. The legal papers go on to state Ferry’s actions prompted AIG to agree in principle to the insurance claim; however, Bruce Levenson’s legal team has stated the insurance provider has cut off all contact with the Atlanta Hawks basketball and Entertainment consortium headed by Bruce Levenson since the sale of the team to Tony Ressler’s group was announced in June 2015 according to ESPN.

Bruce Levenson (brucelevenson.com) has a number of interests in life, including the continued development of the UCG company he founded with business partner Ed Peskowitz in Washington D.C. Providing a better life for communities ion Maryland and Washington D.C. has been a major part of the life of Bruce Levenson and is reflected in his financial backing for the Center for Philanthropy and Nonprofit Leadership at the University of Maryland where he continues to provide support for awards given to worthy causes nominated by students across the campus.

https://en.wikipedia.org/wiki/Bruce_Levenson

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