On 14th September 2016, the Atlanta Hawks basketball & Entertainment LLC (AHBE) sued New Hampshire Insurance Company for breaking terms of contract on the settlement of claims made by Danny Ferry. Danny Ferry, former general manager of the company, filed the lawsuit on September 13 at the Superior Court in Fulton County. The insurance company was said to work under a deal to cover losses due to employment practices such as wrongful termination and workplace torts. AHBE had given the insurance company (AIG) a notice that Ferry had confirmed that they were not covered; this was on April 2, 2015.
On June 22, 2015, the six-year contract that had started in 2009 worth $18 million came to an end after a buyout agreement between Ferry and AHBE. The spokesperson of the present Hawks management confirmed that there was a complaint, and the major parties involved were presently not part of Hawks. Information derived from the lawsuit state that AIG had refused not only to accept that the policy had been triggered, but also to participate in defending the claims or accept coverage. The lawsuit was looking for an additional 50 percent penalty for the losses incurred.
Bruce Levenson is a founder and partner at United Communication Group (UGC), owner of Atlanta Spirit LLC, and once a writer of Washington Star and Observer Publishing. His other side jobs include being director of TechTarget and being on the Board of Directors of the Newsletter and Electronic Publisher Association. He was once president of the foundation known as “I have a dream”, and had other vibrant contributions through his philanthropic endeavors, http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html. Levenson has been involved in many businesses, and in October 2016, he hired bankers to sell the Hawks; the move assured good profit margins. He holds a Bachelor of Arts degree from Washington University.
For more info, visit brucelevenson.com.