The New Hampshire Insurance Company is confronted with a lawsuit filed against it by the old owner of the NBA franchise, the Atlanta Hawks, for a contract breach resulting from former general manager Danny Ferry’s claims. The current owner of the franchise, Tony Ressler is, however, exempted from the current legal tussle. The controversy pits AHABE Group, and Bruce Levenson, the Controlling Partner who were the previous owners against the insurer. Bruce Levenson is a Co-founder and Senior Partner of UCG (United Communication Group). He started out as a journalist for the Washington Star, and the Observer Publishing. Apart from that, he has been a director in organizations like Newsletter and Electronic Publishers Association, TechTarget.com, and the President of “I Have a Dream Foundation.” He holds a Bachelor of Arts degree from Washington University, and a J.D. from American University.
The civil litigation against Bruce Levenson and AIG Insurance Company was filed on Sept. 13th in the Supreme Court of Fulton, and it specifies insurance bad practice and breach of contract as the reason for the lawsuit. AHABE contends that despite being insured for losses against workplace-related policies such as misdemeanors, and wrongful termination, the insurance agency took no action to honor the claims introduced by Ferry on April, 2nd, 2015 as specified in the plan. The $18 million contract with the Hawks and Ferry over a period of six years ended abruptly two days before there was an undisclosed buyout arrangement on 22nd June 2015 between the group led by Ressler and the franchise.
So far, the total amount of money claimed remains confidential, but according to documents in court, the liability limits of the policy taken out by AHABE is sufficient to cover the cost of the application although AIG denies any knowledge of the policy being triggered, or that a claim was filed. Discussions between Ferry’s counsel and the Hawks have failed to yield a settlement despite the fact that the claim is covered by the policy. The refusal to pay the losses has no justification, according to AHABE, and it is a sign of bad faith by AIG.