Former Hawks owner Bruce Levenson in a lawsuit with AIG

The former owners of the Atlanta Hawks have had to file a breach of contract lawsuit against the New Hampshire Insurance Company, which more widely works as AIG, over a failure to pay a claim. According to Forbes.com, the Atlanta Hawks Basketball and Entertainment, LLC, led by Bruce Levenson, says the failure is to pay a claim over the firing of former general manager Danny Ferry. The current ownership is not a part in the lawsuit. AHBE says in their lawsuit that the amount of the claim is confidential, but fell within the coverage of the policy. On top of the money for the claim, the AHBE also wants attorney fees and an additional fifty percent for unpaid loss.

Bruce Levenson is known as the co-founder of United Communications Group, or UCG, http://www.ucg.com/AboutUs/Ownership.aspx. The company started out by becoming the central point of several industry newsletters. Now the company is known news and analysis for multiple industries., along with the mobile app GasBuddy. Bruce Levenson is also on the board of directors for Tech Target, a company that assists people in selling and marketing technology. The company is a spin off of UCG.

Bruce Levenson is also well known for his philanthropy. He has worked with the Community Foundation of Washington D.C., the Hoop Dreams Foundation, and I Have A Dream Foundation. He is a founding donor to the U.S. Holocaust Museum, along with many other Jewish oriented groups.

 

Leave a Reply