Insurance giant AIG of New Hampshire has been called to a Fulton County court where they will face a battle with the former owners of the Atlanta Hawks who claim breach of contract over the termination of the contract of former General Manager Danny Ferry. AIG is facing claims they have ignored the insurance claim from the Atlanta Hawks Basketball & Entertainment LLC consortium who believe Ferry’s comments and actions prior to the sale of the Hawks in June 2015 to billionaire technology executive Tony Ressler.
The Hawks group believed Ferry triggered the insurance policy with AIG that covered workplace actions and contacted them as early as April 2015 to discuss the possible claim lawyers for the Bruce Levenson led consortium believe should have been paid by the insurance company. Levenson’s group states in court papers they have had no contact from AIG despite repeated attempts to successfully close out the claim that is already in place; the legal team for Bruce Levenson and his fellow former Atlanta Hawks owners have so far refused to give details of the financial settlement they are claiming, but it is known Danny Ferry was only halfway through a six year contract thought to be worth $18 million.
The Atlanta Hawks are just one aspect of the life and career of Bruce Levenson that has seen the Maryland based businessperson rise to the top of the real time information industry. Levenson began his career as a journalist before partnering with Ed Peskowitz to create the United Communications Group of oil industry newsletters; as time has moved on Levenson has seen his business grow and evolve to include the latest real time information technology he uses in a range of businesses, including the popular GasBuddy app. Read more about Bruce Levenson’s philanthropic works on prnewswire.com.