Bruce Levenson’s Atlanta Hawks Sues AIG Over Ferry Claim

Recently, former owners of Atlanta Hawks filed a lawsuit against AIG for breach of contract. Atlanta Hawks Basketball and Entertainment LLC filed the lawsuit, which involved the settlement claims made by Dan Ferry, a former general manager. The former ownership of the NBA franchise includes Bruce Levenson who is a controlling partner. The lawsuit was filed on September 13 in the Superior Court of Fulton County. The case excludes current ownership of Atlanta Hawks. The civil action is made against the insurance firm’s bad faith and breach of contract. Atlanta Hawks Basketball and Entertainment (AHBE) LLC claims that it was insured under a policy that covers certain losses, which are related to employment practices, including wrongful termination.

Court documents indicate that on April 2, 2015, AHBE provided notice to AIG indicating that claims had been made by Ferry, which it believed were covered. Ferry and AHBE reached a buyout agreement on June 22, 2015, formally ending a relationship that began in 2012. According to Time, two days later, approval of the sale of the basketball team was made. The lawsuit notes that AIG declined to acknowledge that the policy had been triggered or a claim was made. According to court documents, AIG declined to pay the covered loss in bad faith without considerable justification. It also failed to accept that some of the claims made by Ferry were clearly within the policy coverage. Barnes & Thornburg LLP’s J. Leonard notes that the complaint is well explained and easy to understand. The lawsuit seeks an extra 50 percent penalty of the costs, attorney’s fees, and unpaid loss.

About Bruce Levenson

Bruce Levenson is a controlling partner of Atlanta Hawks Basketball and Entertainment LLC. He is a partner and co-founder of United Communications Group (UCG) that he formed together with Ed Peskowitz. Previously, he worked for Observer Publishing and the Washington Star before founding UCG. He has also served as the director of TechTarget. Bruce has been the president of I Have a Dream Foundation.

https://en.wikipedia.org/wiki/Bruce_Levenson

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