Insurance Claim Heads To Court For Bruce Levenson And His Fellow Former Hawks Owners

The career of Bruce Levenson has taken many different twists and turns including his time as the controlling partner in the Atlanta Hawks Basketball & Entertainment LLC consortium that occurred between 2004 and 2015. Levenson and his fellow former Hawks owners, including business partner Ed Peskowitz have now been forced to take their insurance claim with insurance giant AIG to a Fulton County Court in a bid to complete the process of executing their claim; the insurance giant has so far failed to respond to the claim made against the a workplace policy over the termination of the contract of Danny Ferry.

Bruce Levenson and his fellow former Hawks owners made the decision to appoint Danny Ferry to the position of General Manager with the NBA franchise in 2012 in a period when the team made great leaps towards the top of the NBA standings. After UCG founder Bruce Levenson announced the sale of the Hawks franchise would take place in 2015, and asked Goldman Sachs and Inner Circle Sports to handle the sale Ferry made comments the legal team for Bruce Levenson believe should have resulted in a constructive dismissal claim being paid by AIG.

According to Time.com, in the course of recent years Bruce Levenson has been exploring many different aspects of his life and philanthropic career as he has been looking for new experiences, including taking many trips with his wife Karen as an adventure traveler. In December 2015, Bruce Levenson was fresh from selling the NBA franchise to Tony Ressler and embarked upon a new period of his life by acting as the co-chair of the Kennedy Center for the Arts Ball Against Hate, which honored those named by the Anti Defamation League for their work to end bigotry.

Reference: http://brucelevenson.com/

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Bruce Levenson Heads To Court Over Danny Ferry Contract Issues

Workplace contracts can often be difficult to navigate for businesses of all sizes, but for former Atlanta Hawks owner Bruce Levenson the insurance claim made over the mutual termination of Danny Ferry’s contract as General Manager should have been a simple one to handle. Just two days before the sale of the Hawks franchise to billionaire Tony Ressler the $18 million contract Ferry was just halfway through was terminated with Levenson’s attorneys claiming events had triggered a workplace insurance policy with AIG; in papers filed with the Superior Court of Fulton County it is stated Levenson’s Atlanta Hawks Basketball & Entertainment LLC began their insurance claim as early as April 2015 and believe a payout was agreed with the insurance giant.

The $730 million sale (see, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) of the Hawks NBA franchise was completed in the Summer of 2015, but over a year later Bruce Levenson’s group are still fighting over the insurance claim made over Danny Ferry’s contract. Information so far released by attorney’s for Bruce Levenson does not reveal the level of financial settlement being asked for, but do state the insurance claim should have been handled in a speedy manner as the requirements of the AIG policy have been met, according to legal experts.

Time Magazine reveals Bruce Levenson has been a respected part of the U.S. business community for many years and worked alongside Goldman Sachs and Inner Circle Sports to facilitate the sale of the Hawks franchise. As the head of the United Communications Group alongside long term business partner Ed Peskowitz, Bruce Levenson has taken a single oil industry newsletter and turned it into a globally recognized technology based information giant. The continuation of the work of Bruce Levenson has seen him take the technology developed for UCG and use it to create new companies, such as TechTarget and the GasBuddy app. Bruce is active community based programs. Read more about his charity work on prnewswire.com.