The American business mogul and sports entrepreneur, Bruce Leverson is most notable for his role as owner of the NBA team Atlanta Hawks. The former Hawk’s owner is also a prominent philanthropists with an active participation in a variety of charitable organizations.
Bruce is a board member for the publicly traded TechTarget company. He was also a founding member of the IT Industry UCG. The businessman managed to create a variety of avenues for former and current businessmen alike. Setting a standard for business opportunities, Bruce managed to become one of the most notable and recognized business moguls in America.
Keeping business as a number one priority, The Atlanta Hawks Basketball and Entertainment LLC (AHBE) have recently filed a lawsuit against their former insurance company. The lawsuit according to Time.com, list a breach of contract and insurance of bad faith as the overall cause for judicial action. The lawsuit clames that The New Hampshire Insurance Company has failed to acknowledge previous clames made by the AHBE.
Former general manager of The Atlanta Hawks, Danny Ferry settled with the Hawk’s Ownership for an unknown amount and buy out. According to the AHBE claims, The New Hampshire Insurance Company (AIG) have an obligation to pay for that loss. The AIG insurance with the AHBE include Wrongful Termination and Workplace Torts.
The AHBE claims the AIG has failed to pay for covered losses. In addition to previous claims, the lawsuit includes a 50% additional penalty for attorney fees and coyrt cost. The confidential amount of the lawsuit has yet to be revealed.