Bruce Levenson And Co. Sue Insurance Firm For Contract Violation

About Bruce Levenson

Bruce Levenson is a partner and co-founder of United Communications Group, http://www.ucg.com/AboutUs/Ownership.aspx, a company that has existed since 1977. He is also the proprietor of Atlanta Spirit, LLC. Levenson received his BA from Washington University, St. Louis. He later attained his Juris Doctor from the American University.

He engages in philanthropy, being the chair of the Washington-based “I Have a Dream Foundation.” In 2015, he and his partners on the Atlanta Hawks ownership sold the franchise to Forbes billionaire Antony Ressler.

Litigation against Insurance Company

The Atlanta Hawks Basketball team and its ownership took their insurance provider, New Hampshire Insurance, to court over the violation of contract when settling claims made by Danny Ferry, a former General Manager. The suit was filed by the previous ownership group (AHBE), which included Bruce Levenson as controlling partner. The current ownership was not involved in the proceedings.

It was categorized as a civil action for breach of contract and insurance bad faith. AHBE asserts that the insurance covered losses, related employment practices such as wrongful dismissal and workplace misdeeds. According to the case files, AHBE informed the insurance firm on April 2, 2015, that the assertions made by David Ferry were covered in the policy.

Ferry and the ownership agreed to settle on June 22, 2015, marking an end to a relationship that began in 2012 with a six-year, $18 million contracts. Two days after the settlement, the Hawks ownership was transferred to the current team, for a reported $850 million. The current ownership refused to comment, citing distant relationship with the former ownership as the reason.

Additionally, it reveals that the insurance firm did not actively defend itself against the accusations when Ferry’s and Hawks’ attorneys were settling the case. The complaint also says that the insurer refused to pay for the loss without giving a sound reason.