Atlanta Hawks Basketball and Entertainment LLC is the former ownership of NBA Franchise was recently involved in a case, where it accused New Hampshire Insurance Company of breach of contract. The breach of contract involved the settlement of claims which was made by Danny Ferry who was the former General Manager. Bruce Levenson is the former controlling partner, and he is also included in the case but does not involve the current Atlanta Hawks Basketball and Entertainment LLC management.
The Lawsuit was filed on September 13th in the Superior Court of Fulton County. The insurance company which is also known as AIG was accused of bad insurance faith as well as civil action for breach of contract. According to Atlanta Hawks Basketball and Entertainment, it was covered under the policy of losses which was under the employee practices which included work offense and unlawful termination. The documents presented in the court showed that the sports company (AHBE) had given the insurance company (AIG) notice on 2nd April 2015, which claimed it was asserted by Ferry and was sure they were covered.
The two companies agreed on June 22nd, 2015 which brought their six years relationship an end. Two days after the companies ended the relationship, Ressler took over the ownership of Atlanta Hawks and Entertainment LLC. The current Hawks management said that they were aware of the case and the former administration does not have ties with the company. According to the court, AIG insurance is supposed to pay the Basketball organization for the breach of contract.
Bruce Levenson is an American entrepreneur, UCG founder and the former owner of NBA team, and he is also the co-founder of Atlanta Hawks which was formally Atlanta Spirit. He was born and raised Washington to a Jewish family. After he had graduated from High School, he went to Washington University and later went to the Law School at American University. Bruce, he is not only a businessman, but he is much involved in the community work through his philanthropist activities. He has served as the President of I Have a Dream Foundation, an organization which has been assisting low-come children to pursue high education.