Bruce Levenson Continues To Fight For Hawks Insurance Payout

It has been over a year since Bruce Levenson’s Atlanta Hawks Basketball & Entertainment LLC consortium reached an agreement with a group headed by billionaire technology executive Tony Ressler to sell the NBA franchise. Despite the length of time that has elapsed Bruce Levenson’s group will return to court in the coming months to try and reach an agreement with insurance giant AIG about the termination of the contract of former Hawks general manager Danny Ferry.

Read: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/

Ferry arrived at the Hawks in 2012 and was given a six year $18 million conbtract based on his success in previous seasons with the Cleveland Cavaliers and San Antonio Spurs; Levenson’s legal team are arguing in the Fulton County Supreme Court that comments made by Ferry dating back as far as April 2015 constitute constructive dismissal and should be covered by the insurance policy held at the team by the consortium. The legal team of the Atlanta Hawks Basketball & Entertainment LLC argue AIG have breached the insurance policy contract by refusing to acknowledge or discuss the claim made by Bruce Levenson and his fellow former owners.

Bruce Levenson made a major impact on the NBA when he arrived in Atlanta in 2004 to take over a historic franchise that was struggling to return to its glory days headed by a single NAB Championship victory. In a report by Time Magazine, Levenson was set to become more of a part of the NBA community than many considered when he joined the NAB Board of Governors and looked to use the publicity of the franchise to push forward good causes across the U.S.

Bruce Levenson has continued his success in the area of philanthropy following his sale of the Hawks after he continued to back many good causes based on his won faith and moral beliefs. The Maryland native has looked to back many good causes based in his home state to aid the community he has been part of throughout his life. More can be found about  Bruce Levenson’s efforts from the article published on PR News.