Atlanta Hawks Lawsuit for Ferry Settlement

Bruce Levenson is the partner and co-founder of the United Communications Group. He also owns the Atlanta Spirit, LLC. Moreover, Levenson wrote for the Washington Star and Observer Publishing. Since 2015, he served as a Director for the TechTarget, Newsletter, and Electronic Publishers Association.

In his philanthropic endeavors, Levenson has stood as the President of the I Have a Dream Foundation of Washington. Levenson attended the Washington University and earned himself a Bachelor of Arts degree and a J.D from the American University.

Just recently, a lawsuit was filed against the New Hampshire Insurance Company for breach of contract in the Superior Court of Fulton County. The dispute involved the former Hawks Ownership Group that included Bruce Levenson and not the current group led by Forbes billionaire Tony Ressler. The Atlanta Hawks Basketball Entertainment (AHBE) had been insured against losses related to employment practices including wrongful termination and workplace torts. In June 2015, AHBE presented their claim for a ferry settlement believed to be covered.

However, Ferry and Hawks ended up with a buyout agreement that was undisclosed to AHBE. The agreement ended a relationship of a six-year $18 million contract that started in 2012. Later on, they claimed that there were no ties between the principal parties. According to the court documents, the liability attained was sufficient enough to attract a claim according to the contract’s policy. It stated that the insurance company refused to acknowledge the claim as per the policy coverage. It was without reasonable justification and in bad faith. The company had no evidence to claim that there was no coverage or claim made by AHBE. The complaint also includes a 50% penalty for unpaid loss and attorney costs. Both parties have restrained from further commenting on the lawsuit.

Read More: http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/