Bruce Levenson Team Sues Insurance Company
An institution known as Atlanta Hawks Basketball and Entertainment was the former owner of NBA franchise. Just recently the company went to court and filed a case against New Hampshire Insurance Company. According to the Atlanta Hawks Basketball and Entertainment, the insurance firm had breached the contract for settling claims that were made by Danny Ferry, the general manager of the company. The AHBE is controlled by one of its founding partners, Mr. Bruce Levenson. However, the lawsuit has not included the new owners of Hawks, led by Tony Ressler.
The case against the insurance company was filed in September 2015 at the superior court in Fulton County. AHBE, under the leadership of Bruce Levenson, claim that it had been insured under the policy that covered certain losses dealing with employment practices, workplace torts, and acts of wrongful termination.
In June 2015, Hawks ownership and Ferry agreed on a certain undisclosed buyout contract. This decision ended a relationship that started in 2012. Two days after the buyout agreement, Hawks sale (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) to the Ressler team was approved.
Time.com reveals new owners of the Hawks are already aware of the complaints in court. However, the principle groups involved in the case do not have any relationship with the Atlanta Hawks at the moment. This means that the lawsuit will not affect the team in any way.
Bruce Levenson is a businessman based in the United States. He has several successful ventures under his name. Several years ago, he partnered with several individuals and purchased the Atlanta Hawks. Under his leadership, the team did very well, and it also won several matches. However, he decided to sell the team last year. A group of individuals, led by Tony Ressler were the highest bidders, and they acquired the team. The team is doing well under the new leadership and ownership. Source: brucelevenson.com