Recently, the Atlanta Hawks Basketball and Entertainment LLC (AHBE) has filed a lawsuit against the New Hampshire Insurance Company. It is believed that the insurance company had breached a contract that was made by Danny Ferry, the former general manager of the Hawks. Bruce Levenson was also a former controlling partner of the Hawks.
The lawsuit was filed on September 13, 2016, at the Superior Court of Fulton County. AHBE made claims that it was insured under a policy that covered losses that are related to employment practices. These practices include wrongful termination and workplace torts. In early April, AHBE informed the insurance company that claims that were asserted by Danny Ferry were covered by the company. The lawsuit claims that the insurance company has refused to acknowledge the claim let alone accept the policy had been triggered. As a result on June 22, 2015, Danny Ferry and the Hawks ownership reached a buyout agreement. (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/)
According to Time Magazine, Bruce Levenson went to Washington University in St. Louis. He then went on to attend law school at American University. His career did not start until 1977 when he co-founded United Communications Group with Ed Peskowitz. They began this company by creating the Oil Express, a newsletter that focused on new developments in the oil industry. Over the years, his company acquired many other newsletters. They were even able to branch out by launching several databases that include Oil Price Information Service, and GasBuddy.
Then, in 2004, Atlanta Spirit LLC, which has come to be known as the Atlanta Hawks LLC. This LLC was formed so that they could buy the Atlanta Hawks from Turner Broadcasting. Bruce Levenson works as the team’s managing partner. In 2012 he hired Danny Ferry to be the general manager and president of basketball operations. In late 2014, Bruce decided that he would sell his share of the Atlanta Hawks company.