Philanthropist and an Entrepreneur- Bruce Levenson

A lawsuit was filed in the Superior Court of Fulton County on September 13th, by the Atlanta Hawks Basketball Entertainment LLC the previous ownership of Franchise group of the NBA, against New Hampshire Insurance Company which is also described as AIG. The lawsuit filed against the insurance company was of the claims made by the former General Manager for breach of contract involving the settlement of applications. The lawsuit does not affect the current management of Atlanta Hawks Basketball Entertainment LLC.

Atlanta Hawks Entertainment Basketball LLC, claims that the insurance company breached a civil action and insurance bad faith. AHEB argues that it was insured by AIG under a policy that involved certain losses that included employment practices but not limited to particular acts of wrongful terminations as well as working torts. Atlanta Hawks Entertainment Basketball believes that the claims that were proclaimed by Ferry were covered.

The court documents clearly showed that the filed case was confidential. The lawsuit stated that the Atlanta Hawks Entertainment Basketball claims were adequate to be paid by the sensitive limits of liability. The lawsuit also mentioned that AIG had denied the acceptance of the claims made and to admit that the policy was triggered. The court was also first to say that the insurance company has refused to participate in defense of the said claim or accept coverage. AHEB LLC is also seeking a compensation of about 50% for the Damages and Attorney’s fee. The current principals at AHEB said they are aware of the complaints.

Read More: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/

Bruce Levenson is an influential man and a go-getter. Mr. Bruce Levenson the co-founder and Partner at United Communications Group (UCG), a company that was founded in 1977 together with Mr. Ed Peskowitz. He is also the owner of Atlanta Spirit LLC. Before establishing and co-founding UCG, Bruce was a writer at Washington Star and Observer Publishing. Levenson has also served as a director at TechTarget from February 10th to date. His leadership skills have seen him hold other top positions like he has been the president of “I Have a Dream Foundation” of Washington and he has also been involved in various philanthropic activities.

For more info, refer to brucelevenson’s personal website and Wikipedia page.

 

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