The Atlanta Hawks LLC, which was handed over to new hands has been performing well and has experienced challenges alike. This is an NBA franchise and in recent times, they filed a lawsuit that is targeting Hampshire Insurance Company claiming breach of contract. The contract in question involved the settlement of claims initiated by Danny Ferry, the former general manager of the franchise.
The previous management team of Hawks, which includes people like Bruce Levenson, was forced to intervene since the case is a reflection of issues that happened before the current team took office. Filed in the Fulton County Superior Court, the lawsuit is a civil action against the failure of AIG insurance to keep their part of the bargain.
According to AHBE, the initial arrangements include a policy based on certain losses linked to employment practices, including wrongful termination. This triggered issues when the management of the franchise was shifted to the new team since there were issues of understanding that the insurance firm did not want to respect. Therefore, more than 50 percent of unpaid losses and attorney’s fees are demanded by the company.
About Bruce Levenson
Bruce Levenson is a renowned founder of UCG and a former owner of the NBA team. He is also a Forbes billionaire, philanthropist and a respected mentor in the business world. Born of a Jewish family, Bruce spent most of his childhood in Chevy Chase, Maryland. He was enrolled at Washington University where he graduated with a law degree.
He also pursued his journalism career together with law and began working at the Washington Star as a journalist. Levenson has actively participated in several philanthropic organizations like the Hoop Dreams Foundation. He also once worked as the president at I Have a Dream Foundation, which is helping children from low-income families to access education.