Bruce Levenson’s AHBE Suing AIG Over Claims
The former ownership group of the Atlanta Hawks NBA franchise filed a lawsuit against their insurance company, New Hampshire Insurance Company on the basis of breach of contract. According to ESPN, the Atlanta Hawks Basketball and Entertainment LLC’s (AHBE) lawsuit involves the settlement of claims that were made by its former general manager Danny Ferry.
Bruce Levenson was the controlling partner of the AHBE company and the lawsuit does not include the current ownership team at all, led by Tony Ressler. AHBE’s lawsuit was filed on Sept. 13th against the AIG insurance company as a civil action based on breach of contract and insurance bad faith. Under the lawsuit, AHBE has made claims that they were guaranteed coverage under their policy for losses that they lost regarding employment practices, including “wrongful termination” and “workplace torts.” AHBE claims that their former general manager Ferry made claims in April of 2015 that were supposed to be covered.
The team’s prior ownership had reached a buyout agreement in June of 2015, ending the six-year contract. The sale of the franchise was then approved to the group led by Ressler two days later. The current ownership under Ressler claims that they are aware of the complaint and that it has nothing to do with them being the current owners.
The lawsuit claim amount is confidential but it does state that the limits of liability within the policy are sufficient to cover AHBE’s claim. AHBE claims that AIG refused to acknowledge a covered claim that AHBE made and that AIG has refused to accept its coverage. It is claimed that AIG has breached their contract by failing to pay for covered losses.
Former controlling partner of the franchise Bruce Levenson is the co-founder of United Communications Group. He founded United Communications Group in 1977, after writing for the Washington Star and Observer Publishing. He is a Director at TechTarget and has been on the Board of Directors at the Newsletter and Electronic Publishers Association. Bruce Levenson earned his undergraduate degree from Washington University and his Juris Doctor from American University. According to PR Newswire, Levenson is also involved in many philanthropic organizations across Washington D.C.