Sept 2016, the former ownership of NBA Franchise filed a case for breach of contract against New Hampshire Insurance Company involving the settlement of claims made by Danny Ferry the former manager. Bruce Levenson is included in the controlling partner by former Hawks Ownership group. However, the lawsuit does not involve the current Hawks ownership that is managed by Tony Ressler.
On Sept 13, the lawsuit was filed in Superior Court of Fulton County, is also described as AIG, insurance bad faith and also a breach of contract. The group claims that it was insured under a policy that covered particular losses in relation to employment practices, including, but not limited to, specific acts of “Wrongful Termination” and “Workplace Torts.” The court’s documents indicate that AHBE notified AIG on April 2015 that claims have been vindicated by Ferry that it believed were included.
Two days later after Ferry and Hawks ownership arrived at a concealed buyout agreement on 22 June 2015 terminating a relationship that began six years earlier, the approval of the sale of Franchise to Ressler group was settled.
According toESPN the confidential limits of liability to the policy are sufficient to play AHBEs claim. The lawsuits illustrate that AIG refused to acknowledge the claim and the triggered policy. It also indicates that AIG declined to engage in defense of the uttered claims and accept coverage during the council discussion of Ferry and Hawks. Hence, the lawsuit claims a breach of contract for the decline to provide payment for covered losses in the agreement.
Bruce Levenson is a philanthropist (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) and American businessman. Bruce attended Washington University and graduated from law school at America University. Bruce has founded various companies including Aslant Hawks LLC, and United Communication Group where he is a co-founder among others.
Information above can be sourced from brucelevenson.com.