The former ownership group of the Atlanta Hawks has sued the New Hampshire Insurance Company. The suit claims that the insurance company breached the contract terms based on the settlement claim made by Danny Ferry, the former general manager. Bruce Levenson is a controlling partner in the former ownership group. The lawsuit will not affect the current ownership group of the Atlanta Hawks.
Details of the Lawsuit
The lawsuit was filed in the Superior Court of Fulton County. It is a civil action suit for insurance bad faith and breach of contract. According to the group, they had a policy that insured them against employment practices such as ‘workplace Torts’ and ‘Wrongful Termination’. According to them, they believe Danny Ferry’s claims are covered.
The former Hawks ownership reached a buyout agreement with Ferry for an undisclosed amount on June 22, 2015. The agreement ended a six-year contract worth $18 million that was signed in 2012. Two days after the buyout agreement, the Hawks franchise was sold to the Ressler-led group.
The current Hawks ownership said that they were aware of the lawsuit. However, they said that they were not a party to it since it involved parties that had no ties to the Atlanta Hawks.
What the court Documents Say
In a report by ESPN, court documents show that the amount being claimed is confidential. The documents state that the insurance firm refused to acknowledge that a claim had been made, which would thus have triggered the policy. According to the lawsuit, the insurance firm is in breach of contract for refusing to pay the covered losses.
About Bruce Levenson
Bruce Levenson is the co-founder and a partner at United Communications Group (UCG). He cofounded UCG in 1997 with Ed Peskowitz. Since February 2015, has been a director at TeachTarget Inc. Besides that, he has been the President of the ‘I Have a Dream Foundation’ of Washington, reveals PR Newswire. He has a Bachelor of Arts degree that he got from Washington University. Additionally, he holds a J.D. from American University.