Bruce Levenson‘s NBA consortium, the Atlanta Hawks Basketball and Entertainment LLC group has recently announced plans to bring a claim against insurance giant AIG in a Fulton County court over an unpaid claim from their time as the owners of the team. Levenson’s group sold the historic franchise to technology billionaire Tony Ressler’s consortium in a deal announced in June 2015, just two days after general manager Danny Ferry’s six year contract was terminated; the legal case details actions and comments from Ferry that should have led to the workplace torts insurance policy held with AIG being activated.
According to ESPN, the legal papers lodged on behalf of Levenson and his partners at the Hawks detail the fact that no communications have been received from AIG since the sale of the franchise was confirmed and the insurance giant has failed to acknowledge the claim was even placed. Details of the case have largely been kept secret as part of the filing in Fulton County that will see the Atlanta Hawks Basketball and Entertainment LLC seek compensation for breach of contract from the New Hampshire based insurance giant.
The work of Bruce Levenson has taken in the technology industry in a number of different sectors after the former journalist embarked on a new business venture with his business partner to develop a newsletter for the oil industry; this initial newsletter led to the foundation of the United Communications Group that now provides real time information for various industries. The Levenson family decided to honor Karen Levenson’s mother for her role as a Holocaust survivor with the creation of the U.S. Holocaust Museum, which Bruce Levenson hopes will keep the memory of the World War II Holocaust alive in the minds of the next generations of U.S. citizens.