Hawks Former Owners Sues for Breach of Contract

Bruce Levenson is an American based entrepreneur. He is the founder of UCG and previous owner of an NBA team, Atlanta Hawks. He is also known for his philanthropic deeds. He was born to a Jewish family in Washington D.C. However, much of his childhood was spent in Chevy Chase, Maryland. He went to college at Washington University. He also graduated from American University with a degree in Law. His career as a journalism began at Washington Star. During this time at the Star, he took evening law classes at the University.

Bruce Levenson is also an active philanthropist. He has contributed to the Community Foundation of Washington D.C. At a particular time, he served as the chairman of Washington Chapter. The foundation goal is to help the needy children pursue their education. He has donated towards several other charitable organizations.

Atlanta Hawks Basketball and Entertainment LLC sued New Hampshire Insurance Company for breach of contract. The lawsuit was regarded the settlement of claims that had previously been made by the general manager, Danny Ferry. The lawsuit, however, excluded the current ownership management.

AHBE, through its lawyers, said that it was insured against losses that occurred due to employment practices. The current AHBE management stated that they were aware of the ongoing suit but declined to comment further on the Case. The amount claimed was kept confidential. The lawsuit said that the insurance company had failed to participate in any defense applications. The insurance company had refused to accept the fact that policy had been triggered and consequently, failed to pay the claims.

According to ESPN, it was an obligation of AIG to pay and acknowledge that Mr. Ferry’s claims had triggered a policy. The lawsuit clearly stated that the allegations made by the Entertainment Company were legal and within the policy coverage. It was, therefore, the responsibility of the insurance company to cover the claims.

The AHBE former bosses also sought an additional 50 percent penalty due to attorney charges and unpaid losses incurred.-