The former General Manager of the Atlanta Hawks Basketball Entertainment Basketball LLC Danny Ferry mentioned that they have a filed a lawsuit against New Hampshire Insurance Company for breach of contract. Atlanta Hawks Basketball Entertainment is a former ownership group of NBA Franchise. The current Chief of AHBE Tony Ressler (see, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) is not included in the Lawsuit.
Atlanta Hawks Basketball Entertainment filed the lawsuit on September 13th in the Superior Court of Fulton County against Hampshire Insurance also known as AIG. The lawsuit was described as insurance bad faith and a civil breach of action. The AHBE said that it was insured under a policy for coverage for assured losses associated with service practices that included but was not partial to certain acts of “Wrongful Termination” and “Workplace Torts.” The court documents reported that AHBE gave notice to AIG on 2nd April for the claims that they believed were covered and were affirmed by Ferry.
According to the documents presented by the court, it stated that the own limits of the obligation claimed by AHBE were enough to pay AHBE claims. In the Lawsuit, it said that the insurance company has refused to admit the claims and also denied that policy had been prompted. The lawsuit also stated that AIG has declined to take part in the defense of the claims made or even admit coverage. In the lawsuit, Atlanta Hawks Basketball Entertainment is also seeking to be paid by AIG to compensate for the Attorney fee and the unpaid losses.
Bruce Levenson is a renowned entrepreneur; he is the co- founder of and partner at United Communication Group which was established in 1977. Bruce is also the owner of Atlanta Spirit LLC. Mr. Bruce is a go-getter and apart from founding companies, he has also worked as a writer for the Washington Star and Observer Publishing. Bruce has also served in several posts such as a Director at TechTarget.com, and Newsletter and Electronic Publishers Association. He is not only a businessman but he is also involved in humanitarian activities, and he is also a philanthropist. He is the president of “I Have a Dream Foundation” of Washington. He is a holder of Bachelors of Arts Degree from Washington University and a J.D from American University.