The Atlanta Hawks Basketball and Entertainment (AHBE), including controlling partner Bruce Levenson, is alleging that New Hampshire Insurance Company, also known as AIG, has breached a contract regarding the settlement of claims made by former GM Danny Ferry. AHBE, which previously owned the Atlanta Hawks NBA franchise, filed a lawsuit in the Superior Court of Fulton County in September. The lawsuit, a civil action suit, claims that AHBE had a policy to cover certain employment-related losses including wrongful termination and workplace torts such as those alleged by Ferry. AHBE claims that it informed the insurance company in April 2015 that these claims were to be covered under their policy. According to Forbes.com, AHBE and Ferry came to a buyout agreement in June 2015, two days before the franchise was sold. Current Hawks ownership stated that though they are aware of the claims against the former owners, the involved parties no longer have any connection to the organization. The lawsuit, which is for an undisclosed amount, states that AIG breached their policy by failing to acknowledge or pay the losses from Ferry’s settlement.
Bruce Levenson was born in Washington, D.C. He attended college at Washington University and American University. During college he started his journalism career with the Washington Star. In 1977 Levenson co-founded United Communications Group (UCG), which provides business information that provides data, news and analysis for a variety of industries. Along with his UCG co-founder Ed Peskowitz, Levenson formed Atlanta Spirit LLC. Later called Atlanta Hawks LLC, the organization was a group of businessmen who owns the Atlanta Hawks and Philips arena.