The Atlanta Hawks Entertainment and Baskteball LLC, the former group owning NBA franchise, filed a lawsuit against New Hemisphere Insurance Company for involvement in Contract breach on the settlement claims by Danny Ferry, the former general manager.
The former ownership group of the Hawks (AHBE) encompassed Bruce Levenson, the controlling partner. The lawsuit had nothing to do with the current ownership of Hawk led by Tony Ressler, the principle owner. The litigation, filed in the Fulton County Superior Court on Sept, 13 against New Hemisphere Insurance Firm, is a civil lawsuit for contract breach and assurance stale faith. AHBE claims that his company was insured a policy that would cover his business for certain losses regarding “Workplace Torts” and “Wrongful Termination.” According to the documents in court, AHBE gave notice to the insurance company on April 2, 2015, that the claims were asserted by Ferry that was thought to be covered.
Hawks and Ferry ownership reached an agreement on June 22, 2015 (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/), finishing the six-year relationship, 2012, $18 million relationships. The approval for the sale of the franchise to the group led by Ressler came two days later. According to the current Hawks ownership spokesman: “We are conscious of the protest. The involved parties have no ties to Atlanta Hawks, and we have no further comment regarding this matter.”
According Time.com, the documents in court, the amount of the lawsuit is confidential. The litigation states that the policy liability confidential limits are sufficient in playing AHBE’s claim.
Bruce Levenson is the United Communications Group (UGC) Partner and Co-Founder. Mr. Bruce Levenson is also Atlanta Spirit, LLC. Owner. He co-founded UGC in 1977 with Mr. Ed Peskowitz. Before founding UGC, he authored for Observer Publishing and Washington Star. He has also directed TechTarget, Inc. Read more on prnewswire.com.