The current owners of the Atlanta Hawks are offering no opinion on the lawsuit recently filed by the former ownership of the NBA franchise. Atlanta Hawks Basketball and Entertainment LLC (AHBE) filed the lawsuit against New Hampshire Insurance Company/AIG over a settlement made to Danny Ferry, the former general manager. The current owners and their team are not involved in the suit in any way.
The civil lawsuit is claiming breach of contract and bad faith. AHBE believes their policy coverage should have provided protection and paid for covered losses in the settlement with Ferry. AIG reportedly refused to participate in the defense during the case and refused to pay the claim. The insurance company has so far made no comment on the lawsuit or the case. In addition to covering the settlement amount, AHBE is also requesting AIG pay an additional 50 percent penalty of the unpaid loss as well as all legal fees and expenses.
In a report by Forbes, AHBE owner Bruce Levenson sold the franchise in 2015. He is a graduate of Washington University and American University and is a successful businessman and philanthropist. Levenson has been on the Board of Governors for the Hawks basketball teams since 2004. He co-founded United Communications Group (http://www.ucg.com/AboutUs/Ownership.aspx) in 1977 and still remains as a partner today. He is currently on the Board of Directors for IT industry media company, TechTarget and once worked as writer for the Washington Star and Observer Publishing. Bruce Levenson’s past work includes serving on the Board of Directors for the Newsletter and Electronic Publishers Association and as President for the Washington-based “I have a Dream Foundation.”