AHBE and Lawsuit

Bruce Levenson, the former owner of the Atlanta Hawks Basketball and Entertainment LLC (AHBE) and the former ownership group of the NBA Gracnchise is suing The New Hampshire Insurance company also known as the AIG, for a violation of contract made by former general manager Danny Ferry. On September 13th, AHBE and associates filed a lawsuit at the Superior Court of Fulton County against the insurance company stating that there was a breach of contract and insurance bad faith. Current owner of the AHBE, Forbes billionaire Tony Ressler, is not involved the issue or lawsuit nor is the present NBA officiates. AIG refuses the claim stating that they do not acknowledge a claim being made or any policy that has been triggered. Prior to his ownership of the AHBE, Leveson co-founded the United Communications Group also known as the UCG with his partner Ed Peskowitz. In 2004, Levenson and Peskowitz became the majority partners of the Atlanta Hawks professional basketball team and Philips Arena. Danny Ferry was hired by Leveson as the Hawks general manager and president of basketball operations. Levenson is also a well-known active participant in various philanthropic organizations. Levenson served as the President of the Washington chapter of I Have a Dream Foundation which is and organization involved in helping low-income children obtain a better education. Leveson is also a founding donor to the U.S. Holocaust Museum.

SOURCE: https://en.wikipedia.org/wiki/Bruce_Levenson


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