Former Hawks Management Group Sues AIG for Breach of Contract

The previous management group of the NBA franchise, the Atlanta Hawks Basketball and Entertainment LLC, has opened a case against New Hampshire Insurance Company. In the lawsuit, the former Hawks management group (AHBE) accuses the insurance firm of failing to compensate claims that previous general manager made. AHBE consisted of Bruce Levenson who held the position of controlling partner. The current management group led by Tony Ressler is not involved in this lawsuit.  http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/

AHBE filed this case in the Fulton County’s Superior Court on September 13 against the insurance provider also known as AIG. The lawsuit accuses the insurance provider of misconduct and breach of contract. According to AHBE, the policy it obtained from AIG protected it from employment practices’ losses, including workplace misdemeanors and wrongful termination. The court documents show that AHBE notified the Insurance Company on April 2, 2015, that its former general manager had filed claims.

AHBE signed a deal with the Ressler-led ownership group on June 22, 2015, that saw it sell the NBA franchise for an undisclosed amount. The announcement of the buyout agreement was made public two days later.

A review of the lawsuit

AHBE has not disclosed the amount it is claiming from AIG. In the lawsuit, former Hawks ownership group state that AIG has declined to accept that a claim was filed. It has also refused to offer compensation. The lawsuit indicates that the claims made by the former general manager are within AIG’s policy coverage. However, AIG has blatantly refused to pay the insured loss without substantial explanation.

Levenson’s career and philanthropic activities

Bruce Levenson is an entrepreneur, philanthropist, and the former owner of Atlanta Hawks Basketball and Entertainment Company. Levenson also served as a representative of the Hawks on the NBA Board. Levenson is an alumnus of the Washington University of St. Louis and the American University. Bruce Levenson enlisted the help of Ed Peskowitz in establishing United Communications Group, a franchise involved in a variety of businesses. Levenson sits on the Tech Target’s executive committee. He also supports various charity organizations such as I Have a Dream Foundation, the U.S Holocaust Museum, the Jewish Federation, and the SEED Foundation.

Article sources are brucelevenson.com and  wikipedia.org.