PREVIOUS HAWKS OWNERS SUE INSURANCE FIRM OVER FERRY SETTLEMENT

A New Hampshire insurance firm has been sued by the Atlanta Hawks basketball and Entertainment LLC, the group that had previously owned the NBA franchise. The case was a breach of contract that involved the settlement of allegations made by Danny Ferry, the former general manager of the firm. The group that previously owned the Hawks included Bruce Levenson, who was the controlling partner. However, the current owners of the Hawks are not involved in the lawsuit.

The lawsuit that was filed on the 13th of September at the superior court of Fulton County is said to be of civil action, bad insurance faith and a serious breach of contract. AHBE said its insurance was for coverage for specific losses that were tightly anchored on employment practices that included, though not subject to given acts of “illegal termination” and “workplace reputation.”

On the 22nd of June 2015, the two parties Ferry and Hawks ownership had had a buyout agreement that was undisclosed. This agreement brought to an end of a six-year long deal worth $18 million that had been signed in 2012. According to ESPN, the current Hawks ownership is entirely aware of the complaint. That’s according to its spokesperson. He further said that the two parties involved in the suit are no longer attached to Atlanta Hawks organization.

Mr. Bruce Levenson (brucelevenson.com) is a partner at United Communication Group and its co-founder. He also owns Atlanta spirit. Mr. Levenson previously wrote for the Washington Star. As from 10th February 1015, he has been the director of TechTarget Inc.,in addition, he was on the board of trustees on the Association Electronic Publishers. He had taken part in many charitable events when he served as president of the “I have a Dream Foundation.” Mr. Levenson is an alumnus of the Washington University where he got a bachelor degree in arts.

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