Bruce Levenson is a former co-owner of Atlanta Hawks basketball team and Philips Arena. He is also a renowned businessman and philanthropist with several ventures across the U.S. Levenson co-founded the United Communications Group(UCG) in the year 1977 and also served as a founding board member for the TechTarget, a publicly traded IT media firm.
Education & Early Life
Bruce Levenson was born and brought up in Chevy Chase, Maryland. His parents are of Jewish origin originally living in Washington DC. According to his Time.com profile, he attended his college in St. Louis, Washington DC, where he graduated with a degree in Law. His career in journalism began in college working for the Washington Star.
Atlanta Hawks Sues An Insurance Firm
The Atlanta Hawks Basketball and Entertainment LLC has filed a lawsuit against an insurance firm based in New Hampshire for breach of contract. The contract involved claims settlement the former general manager Danny Ferry had made.
Bruce Levenson is associated in the suits as a controlling partner and part of the former Hawks ownership group (AHBE). However, the serving Hawks ownership led by the principal owner Tony Ressler is not involved.
The lawsuit was filed on September 13 in the Superior Court of Fulton County against AIG insurance company. AHBE claims that AIG breached the contract and acted in insurance bad faith. The policy in question covered for losses associated with employment practices including “Workplace Torts”, “Wrongful Terminations” and so on.
Ferry and the Hawks ownership had reached a buyout agreement that would unceremoniously end a six-year, $18 million contract on June 22, 2015. The sale of the company to the group led by Ressler would be concluded two days later. The amount of claim remains confidential, according to the court documents.