The former ownership group of Hawks, the NBA club, has filed a case against New Hampshire Insurance Company for alleged breach of contract relating to the claims made by Danny Ferry, former general manager. The AHBE former owners included Bruce Levenson, the controlling partner. However, the lawsuit does not implicate the current Hawks owners led by Forbes billionaire Tony Ressler, the principal owner.
The suit filed in the Superior Court of the Fulton County on September 13 2016, against the insurers also known as AIG, is a civil litigation for breach of contract together with insurance bad faith. AHBE alleges that they were insured for certain losses relating to employment practices including but not limited to, some acts of wrongful termination and workplace torts. According to the court documents, AHBE presented a notice to AIG on 2nd April 2015 it believed that some claims asserted by Ferry were covered.
According to the suit: Despite a requirement to pay and the evidence that some Ferry’s claims triggered the AIG Insurance Policy and the fact that these claims squarely fell within the policy cover, AIG failed and declined to pay the loss without adequate justification and was in bad faith. AIG wielded no reasonable argument to contend that there was no insurance claim made and that the claim was not covered. The suit is also claiming an additional 50 % penalty of the unpaid loss as well as attorney’s fees and other costs.
About Bruce Levenson
Bruce Levenson is an American business mogul, former NBA club owner. Bruce Levenson is also a renowned philanthropist. He was the co-owner of Atlanta Hawks LLC which owns and manages the Atlanta Hawks NBA team together with the Philips Arena. Mr. Levenson was also the Hawks’ Governor in the NBA Board of Governors from 2004. He co-founded the United Communications Group, http://www.ucg.com/AboutUs/Ownership.aspx, in 1977. Levenson was also a founding member and is one of the Board of Directors for TechTarget, a publicly traded IT industry media firm.