The former ownership group of the Atlanta Hawks NBA franchise, headed by Bruce Levenson may have sold the team over one year ago, but they have failed to find a resolution to an insurance claim lodged with the insurance giant AIG. The insurance claim was brought following the mutual termination of the contract of former Hawks General Manager Danny Ferry who agreed to the termination just two days before the sale of the franchise was announced; Bruce Levenson’s legal team had already discussed a claim with AIG prior to departure from the team because of comments and actions they believed amounted to constructive dismissal.
Bruce Levenson played a major role in the NBA community for over a decade after he and his consortium took control of the franchise and led the Hawks to become the number one seed during their final season as owners. As the head of The Hawks, Bruce Levenson spent much of his time seeking to protect and enhance the NBA brand through a dedication to joining the NBA Board of Governors, and a decision to lead the Hawks into various philanthropic pursuits. UCG Founder Levenson’s own career shows his skill as a business leader, which includes his development of new technologies used in the TechTarget and GasBuddy brands.
According to ESPN, the legal team for the Atlanta Hawks Basketball and Entertainment LLC consortium have stated the financial settlement being sought is confidential, but the failure of AIG to respond to the insurance claim in any way has led the the case being brought in a Fulton County Court. Bruce Levenson’s legal team has stated they are bringing a case for breach of contract because of the failure of AIG to communicate with Levenson’s consortium over the status of the claim.No Comments on Philanthropist Bruce Levenson Brings Legal Claim Against AIG