GM Insurance Case Brought To Court By Bruce Levenson

The Maryland based business leader Bruce Levenson may have been out of the limelight since selling the historic franchise in the summer of 2015 to a consortium headed by billionaire ( technology expert Tony Ressler, but he has recently returned to public eye with a court case brought against insurance provider AIG. Levenson and his fellow former Hawks owners in the Atlanta Hawks Basketball & Entertainment LLC consortium feel a sense of injustice after making an insurance claim with AIG over the mutual termination of the contract of for Hawks General Manager Danny Ferry; lawyers for the consortium believe the breach of contract court case is the only option available to them after AIG failed to reply to communications about the claim over the course of the last year.

Levenson’s claim comes after the long bidding process for the Hawks franchise saw Ressler’s consortium pay more than $700 million for the franchise that has a single NBA Championship to its name entering the 2016-17 season. Papers filed with a Fulton County court reveal Levenson’s group believe the comments and behavior of Danny Ferry activated the constructive dismissal portion of their workplace insurance policy with AIG, but have not been given any response to questions about the case from AIG representatives since the sale of the Hawks was announced in June 2015.

Time Magazine describes Bruce Levenson is often seen as a shining example of an entrepreneur after using his skills as a journalist to develop a new way of delivering information for the oil industry in a single newsletter created in the 1970s. Community has always played an important role in the career of Bruce Levenson and has continued to do so in 2016 with his appointment as the chair of a ball held by the Kennedy Center of the Arts to benefit the Anti-Defamation League .