Bruce Levenson, a philanthropist and the the former owner of the basketball team, Atlanta Hawks, is leading a lawsuit against the insurer of his ownership company. Mr. Levenson was the leading stakeholder in the Atlanta Hawks Basketball and Entertainment LLC. This company was in charge of managing the Hawks, the team’s stadium and also the Atlanta Thrashers NFL team.
The Atlanta Hawks Basketball and Entertainment LLC, led by Bruce Levenson, is suing the New Hampshire Insurance Company in Fulton County Superior Court. The lawsuit alleges that the insurer has failed pay Bruce Levenson and his ownership company compensation for the parting of Danny Ferry. According to the lawsuit, the New Hampshire Insurance Company had a policy with the Atlanta Hawks Basketball and Entertainment LLC., that would cover workplace laws and wrongful termination.
Danny Ferry was appointed to run the Atlanta Hawks basketball team and signed a multiple year contract worth tens of millions of dollars. Mr. Ferry got embroiled in a controversy where he supposedly said some racially insensitive things. He was later cleared of any and all wrongdoing that was alleged against him.
At the Time of the Ferry incident, the Atlanta Hawks was being offered up for sale. The new ownership company did not want to retain Danny Ferry as the manager. The Atlanta Hawks Basketball and Entertainment LLC. were thus forced to buy out Ferry’s contract and dismiss him, although he did nothing wrong. The insurance company never paid compensation nor acknowledged that a claim was made by Bruce Levenson. This is why they are being sued by the Atlanta Hawks Basketball and Entertainment LLC.
Bruce Levenson is the CEO and co-founder of United Communication Group. This is an information and analytic company that provides key data and real time analytics to companies in the finance, energey, mortgage banking and telecommunication industry. He also served as a board member at Tech Target, which spun out of UCG. Information on this article an be sourced from Wikipedia.