Born to a Jewish Family in Washington, D.C. Bruce Levenson attended grade school and college like many American’s looking to obtain a well financially balanced future. After attending college, Bruce worked hard and became one of America’s well-known businessmen and now former NBA co-owner of the Altanta Hawks LLC. He is also a philanthropist who also served as the Hawk’s Governor on the NBA Board of Governors. Mr. Levenson founded the United Communications Group better known as UCG in 1977 and he was also a founding board member and currently a Board of Directors for Tech Target a publicly traded IT industry media company.
At the time of co-owning the Hawks, Bruce Leveson hired Danny Ferry (a former team player of the Cleveland Cavaliers) as the Hawks general manager and president of basketball operations in 2012. In 2014, Levenson revealed his plans on Forbes Magazine to sell his share of ownership.
As of September 2016, it’s been reported that the former Hawks ownership is planning to sue the New Hampshire insurance company over Ferry settlement. This lawsuit was filed in the Superior Court of Fulton County on the 3 of September 2016 due to breach of contract and insurance bad faith. AHBE believes that the policy had a clause stating coverage for certain losses with one including “Wrongful Termination” and “Workplace Torts”.
According to ajc.com, the lawsuit AIG has refused to participate in the defense of said claims and has also refused to pay the covered loss. The lawsuit is also looking forward to an extra 50 percent penalty of the unpaid loss as well as attorney fees and costs. It has been reported an email was sent to AIG for further information, however they have yet to respond.