The Atlanta Hawks Basketball and Entertainment LLC (AHBE) filed a lawsuit against New Hampshire Insurance for breach of contract. AHBE previously owned the Atlanta Hawks. In a report by ESPN, the suit involved claims which were settled by general manager Danny Ferry and did not include the current owners of the Hawks. Bruce Levenson is a controlling partner of the former Hawks ownership group. See, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.
The suit was filed on September 13, 2016, in the Superior Court of Fulton County against the insurance company. The suit was a civil action for bad faith as well as breach of contract. In the suit, AHBE claims that the policy which it was insured under covered some losses linked with employment practices. The insurance company, also known as AIG, was given notice by AHBE on April 2, 2015.
As stated in the lawsuit, confidential limits of liability if the policy is enough to pay AHBE’s claim. It says that the insurance company refuses to acknowledge the policy has been triggered and that a claim was made. According to the lawsuit, AIG did not pay the covered loss without having a good reason. It also states that the insurance company had not reasonable basis to assert that a particular claim had not been made and that it was not covered. AHBE was also seeking an additional 50 percent fine for attorney fees and the unpaid losses.
Bruce Levenson was born in 1949 and is a businessman as well as a philanthropist. He was born in Washington D.C. to a Jewish family and was brought up in Chevy Chase, Maryland. He studied law at the American University and at the same time was employed by the Washington Press. He is a founding member and on the board of directors of TechTarget. Bruce and his wife Karen opened the School of Philanthropy and Non-Profit Leadership at the University of Maryland. For more info, go to brucelevenson.com.