Bruce Levenson is an executive officer who has served top managerial positions in companies like Tech Target, Inc., United Communications Group and BIA Digital Partners II, L.P. He has a strong academic background having studied in Washington University and American University.
Bruce Levenson (see, brucelevenson.com) was a principal owner of The Atlanta Hawks Basketball and Entertainment LLC, a firm that was later sold to Ressler Group. On September 13, 2016, Levenson and other former owners of Hawks team, Danny Ferry and Michael Gearon, filed a lawsuit against the New Hampshire Insurance Company for failing to settle a claim that Danny Ferry filed on April 2015.
In the lawsuit filed in the Superior Court of Fulton County, the New Hampshire Insurance Company, also known as AIG, was required to settle the claim as outlined in their policy to the former Hawks leadership team plus a 50% penalty for breach of contract and to cater for attorney fees.
In a PR News report, AHBE alleges that the insurance policy covered all employment malpractices including wrongful termination and workplace torts. Despite AHBE filing the claims, AIG did not respond. A meeting held between Ferry’s attorney and the insurance company bore no fruit. This was after the enterprise failed to justify their actions or confirming whether the claim had been triggered.
An attorney representing the trio confirmed that their clients were justified to sue the insurance company since it had acted in bad faith. The attorney argued that the claims were in accordance with the policy cover held by the trio and that the company lacked reasonable grounds to deny settlements of the application.
The lawsuit excludes the current Hawks ownership since the team’s ties with the former AHBE ended in 2012 when they sold the company to Ressler Group. The Current Hawks spokesperson also asserted that they could not offer more details and instead the former AHBE group was the right people to address the issue.