The Former Hawks Ownership Company Sues Hampshire insurance Firm for Breach of Contract

Bruce Levenson is an American serial Entrepreneur. He is a prominent philanthropist in the United States and the former NBA Team Owner. He is also the co-founder of the Hawks Atlanta which operates and owns the Philips Arena and the Atlanta Hawks basketball team. ESPN adds Bruce Levenson is the current serving Hawks Governor and a member of the Governing body of NBA since 2014. In 1977, Bruce Levenson co-founded the United Communications Group. He is also the founder and board member of TechTarget. This is an Information Technology media conglomerate.

Bruce Levenson was born in a Jewish family based in Washington, D.C. he spent much of his early childhood time in Maryland. He went to the University of Washington graduated with a bachelor’s degree in Law. While at the American University, he studied Journalism and information technology. He commenced his journalism career at the Washington Star while attending a law school during the evening hours. Levenson is also an active philanthropist. More of his charity work cvan be found on prnewswire.com.

The Atlanta Hawks Entertainment and Basketball Company, the Former NBA franchise team, has filed litigation against the New Hampshire Insurance Company over the breach of contract and bad insurance faith. The claims were made by the former manager, Danny Ferry, in the state courts.

The former ownership group of the Hawks included the managing partner Bruce Levenson. The litigation had nothing to do with the current management of the company under (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) Tony Ressler. The litigation, filed in the Fulton County Superior Court in September, was meant to report and demand compensation from the Hampshire Insurance Company over contract breach. The former Hawks management group, led by Danny Ferry, describes a civil lawsuit for bad insurance faith. Under their agreement with the insurance form, the group was covered for individual acts including workplace torts and wrongful termination of a career. According to the presented documents in court, AHBE gave the insurance company a notice of the covered claims.

The Hawks and Ferry reached an agreement in 2015. The ended relationship was a six-year contract that covered a sum of over $18 million in 2012. The franchise sale approval to the Ressler-led company arrived two days later. According to the current Hawks spokesman, the litigation has nothing to do with the current ownership.

 

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