The Atlanta Hawks Basketball and Entertainment organization, in association with former NBA team owner, Bruce Levenson have recently filed for a civil action law suit against the insurance and investing conglomerate, AIG Insurance. The basis and origins of the law suit can be found with a settlement claim filed by Danny Ferry, the former general manager of the Atlanta Hawks Basketball and Entertainment group.
What happened was, after filing for his claim, Mr. Ferry sought coverage by the Atlanta Hawks Basketball and Entertainment organization’s insurance company, AIG. Mr. Levenson firmly believed that AIG’s policy covered Mr. Ferry’s expenses, and he had good reason to do so given his extensive background in law from attending law school. However, AIG disagreed and refused to pay even a single penny in regards to Mr. Ferry’s claim causing AHBE and Mr. Levenson take the matter to court.
The precise amount of the settlement is as yet undisclosed as is the specific dates for the inevitable court hearings. Given that neither Mr. Levenson nor the Atlanta Hawks Basketball and Entertainment group are any longer associated with the NBA, specifically the Atlanta Seahawks, the team’s current administration has declined to comment until such time as the matter has been resolved in court.