Co-Founder and Partner at United Communications Group, Bruce Levenson is a former owner of Atlanta Spirit, LLC. He’s a former writer for the Washington Star and Observer Publishing, and he’s the Director at TechTarget.com. He’s also the President of the “I Have a Dream” Foundation.
In September 2015, he and the rest of the former owners of the Atlanta Hawks Basketball and Entertainment LLC became involved in a lawsuit against their former insurance company, New Hampshire Insurance Company. The former ownership group, known as AHBE, is claiming breach of contract.
According to ESPN, the civil action suit was filed months after AHBE had already reached a buyout agreement with Danny Ferry, former General Manager of New Hampshire Insurance. Despite Ferry’s notice of claims, the insurance company, described as AIG, refuses to acknowledge any wrongdoing. After months of not receiving any amount of the buyout, AHBE decided to take AIG to court.
According to AHBE, their insurance policy covered them for certain losses that were related to employment practices. The practices included, but were not limited to, certain acts of “wrongful termination” and “workplace torts.” These acts were cited and verified by Mr. Ferry during the previously agreed upon buyout meeting.
Although the amount of the claim is confidential, there is proof that the liability of the policy is enough to pay AHBE’s claim. The suit is really due to AIG’s lack of cooperation. Despite all the evidence piling up against them, AIG refuses to participate.
AIG has not acknowledged that a claim was ever made, and they are refusing to acknowledge that a policy was triggered. The unwillingness to participate in the defense of their claims has led to AHBE to seek an additional 50 percent penalty.