The Atlanta Hawks Basketball and Entertainment LLC, who is the former ownership group for the NBA franchise, filed a lawsuit in September of 2016 against the New Hampshire Insurance Company following a breach of contract that had involved the settlement of claims that had been made by the former general manager Danny Ferry. Included in the former Hawks ownership was controlling parter Bruce Levenson. The lawsuit however did not involve the the current Hawks ownership group that was lead by the principle owner Tony Ressler. The lawsuit, that had been filed in the Superior Court in Fulton County on September 13th against the insurance company had also been described as an AIG, which is a civil action for insurance bad faith and breach of contract. AHBE claimed that it had been insured under a policy that would provide coverage for certain losses in relation to employment practices, including, but was not limited to, acts of workplace torts and wrongful termination. According to the court documents, AHBE had given notice to AIG in April of 2015 that claimed to have been asserted by Ferry, that was believed to be covered. Hawks and Ferry ownership had reached an undisclosed buyout agreement in June of 2015 which ended the relationship that had begun six years earlier with an 18 million dollar contract in 2012. Hawks ownership made it known that they were aware of complaints, and that the principle parties no longer had ties to the Alanta Hawks organization. The lawsuit stated that the confidential limits of liability within the policy were sufficient to play AHBE’s claim. James J. Leonard from Barnes & Thornburg LLP, which was the firm representing AHBE, said that the complaint speaks for itself.
Bruce Levenson is a Forbes billionaire , an American Businessman, who is the former NBA team owner, as well as a philanthropist. He was also the co-owner of the Alanta Hawks LLC, that operates and owns the Alanta Hawks basketball team and the Philips Arena. Bruce Levenson also has served as the Hawks’ Governor for the NBA Board of Governors since 2004. Levenson had co-founded the United Communications Group (http://www.ucg.com/AboutUs/Ownership.aspx) in 1977. Levenson was a founding board member for IT industry and TechTarget media