Tough Legal Battle between Former Hawks ownership and An Insurance Company

A New Hampshire Insurance Company is fighting a legal lawsuit from the Atlanta Hawks Basketball. The company has been sued for a breach of contract involving Danny Ferry, Hawk’s former GM. The lawsuit is about his settlement obligations the company failed to meet. However, the lawsuit does not affect the current Hawk’s ownership group which is under Tony Ressler.

About the Lawsuit

They filed the lawsuit on 13, September and the case has been running since that time. According to the Time Magazine, the coverage was to cover various aspects including employment mal-practices. The court’s documents show that the claimant gave notice to the AIG on April 2nd, 2015.

On June 22, 2015, Hawks ownership and Terry agreed on a secret buyout settlement plan. The agreement brought to a close the association that had started with an 18 million contract in 2012 for six years. The Ressler bought the business two days later.

About Bruce Levenson

Levenson is a renowned American business mogul who owned an NBA team at one point. He is also a well-known philanthropist and a partner of the Atlanta Hawks.

Bruce served as the team’s Governor on the NBA Board of Governors from 2004. In 1977, Levenson co-founded the United Communications Group. Also, he is a co-founding board member of the Board of Directors for the TechTarget, an Information Technology media company. The suit is seeking an additional 50% in penalties for legal fees and unpaid loss. http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks

Birth, Education, and Early Life

Levenson was born to a Jewish family in Washington, DC. He grew up in Chevy Chase in Maryland and later went to Washington University in St. Louis for his college studies. Bruce graduated with a law degree from American University. He began his journalism career at while attending law school. Brice is married to Karen Levenson, and together they have three kids. View his bio on Wikipedia.org.