A civil lawsuit has been issued against the defendant New Hampshire Insurance Company, or AIG, by the plaintiff AHBE, or the Atlanta Hawks Basketball & Entertainment, repots ESPN. The suit alleges a breach of their legal contract revolving around settling claims with Danny Ferry, their former general manager.
AHBE was allegedly insured under their contract which was designed to protect them from specific losses relating to service activities. This would cover being wrongly terminated and any workplace oriented grievances.
The AHBE’s ownership group agreed to a buyout for an undisclosed amount of money. This put an end to the contract that covered a six year long period, and was worth 18 million dollars.
The lawsuit filed by AHBE contends that AIG would not admit that a claim was filed to trigger the policy they had in place as a contract. The lawsuit claims that AIG is obligated to pay out as per their contract due to Danny Ferry’s breaching of the contract, yet AIG refuses.
Bruce Levenson reported that he desired to sell his part of the ownership due to controversy that surrounded the franchise. Bruce Levenson is the Co-founder of UGC, or, the United Communications Group, which was established in 1977. Before establishing the UCG he was a writer for the Observer Publishing group and the Washington Star. He is also TechTarget’s Director and also serves in this position for their online development, TechTarget.com.
Bruce Levenson is known to be involved with several benevolent actions as a known philanthropist. At one time, the “I Have a Dream Foundation” also had Bruce as their President. He also owns the company, Atlanta Spirit. He earned a Bachelor’s degree in the field of Art from the renowned Washington University and possesses a Juris Doctor’s degree from the American University. For more info, visit brucelevenson.com.