Former Atlanta Hawks Ownership Group, Led By Bruce Levenson, Files Lawsuit
Bruce Levenson is a businessman and philanthropist. Bruce Levenson helped establish United Communications Group. Levenson is a founding board member of Tech Target, an IT industry media company. Levenson also serves on the Board of Directors. United Communications Group owns GasBuddy, a mobile app that helps drivers find low gas prices in their area. Levenson was previously an adviser for the private equity firm BIA Digital Partners. He also served on the Board of Directors of the Newsletter and Electronic Publishers Association. Levenson is a member of the Software and Information Industry Association Hall of Fame for his work with United Communications Group.
Levenson has contributed to a number of different philanthropic organizations, reveals PR Newswire, such as the Hoop Dreams Foundation. Levenson has also contributed to the US Holocaust Museum, Seeds of Peace, and the Jewish Federation.
In a recent report by ESPN, the Atlanta Hawks Basketball and Entertainment LLC filed a lawsuit against New Hampshire Insurance Company for breach of contract involving the settlement of claims made by Danny Ferry, the former Atlanta Hawks general manager. The previous Hawks ownership group includes Bruce Levenson, who was a controlling partner. See, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.
The lawsuit claims that New Hampshire Insurance Company acted in insurance bad faith. The former Hawks ownership group believes that it was insured under a policy for coverage for certain losses in regards to employment practices. The lawsuit states that the limits of liability of the policy are enough to play the claim. The belief is that there is a breach of contract for failing to pay the covered losses in the settlement. The lawsuit says that there is no real justification for failing to pay for the covered losses. The Hawks former ownership group wants an additional penalty of the unpaid loss, along with the fees and costs of all attorneys.