Category Archives: Insurance Settlement

Basketball Insurance Claim Brought By Former Atlanta Hawks Owner Bruce Levenson

Home | Insurance Settlement | Basketball Insurance Claim Brought By Former Atlanta Hawks Owner Bruce Levenson

For over a decade Bruce Levenson headed the Atlanta Hawks NBA franchise ownership group known as the Atlanta Hawks Basketball & Entertainment LLC that oversaw a period of sustained growth and success ending with the team seeded number one for the playoffs in 2014. Levenson and his fellow owners eventually sold the franchise to a consortium headed by technology billionaire Tony Ressler and reached an agreement with Hawks General Manager Danny Ferry who reached an agreement to terminate his six year contract just two days before the final sale of the club.

Levenson and his fellow former owners believe the termination of Ferry’s contract should have allowed the owners to make a claim on an employment protection contract taken out with insurance giant AIG; unfortunately for Levenson and his consortium members AIG have so far failed to acknowledge the insurance policy being triggered by the Ferry issue, and forced the group to bring a lawsuit in a New Hampshire court over the issue.

Bruce Levenson should be looking back on his time as the head of the Atlanta Hawks franchise as a success because of the steady rise the franchise undertook during his period as the face of the ownership group. At the time Levenson and the other members of the Atlanta Hawks basketball & Entertainment LLC group took control of the franchise the team was ranked last in the NBA for the 2002 season, but by 2014 the Hawks had risen to the number one seed position. Levenson did not only see his role as being in the NBA, but believes the Hawks and other NBA teams should play a role in the wider community; a Maryland native, Levenson hopes to bring new leaders to the non profit community in the state through the growth of his school of philanthropy (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) and non profit leadership at the University of Maryland.

Visit the brucelevenson.com website and Wikipedia page for more information.