The former group of the NBA’s Atlanta Hawks Ownership, AHBE formerly known as Atlanta Spirit, LLC are suing their insurance company for insurance bad faith. The insurance company, AIG was obligated to honor a claim that was filed by the team’s former General Manager Danny Ferry. The claim had to do with a workplace dispute that under AHBE’s current policy would have been covered by the insurance company. And AHBE under Bruce Levenson‘s guidance had opted to buyout Ferry’s contract at the end of all this. But so far AIG is not acknowledging AHBE’s right to the claim, and it’s promising to become a contentious case in court.
In a report by Forbes.com, Bruce Levenson recently sold his shares of the Atlanta Hawks to Tony Ressler’s group after owning the team for about 12 years. He purchased the Hawks in 2004 and also served on the NBA’s Board of Governors during his time as owner. Levenson is also known founding United Communications Group (UCG – http://www.ucg.com/AboutUs/Ownership.aspx), a company he and his friend Ed Peskowitz founded in 1977. He had formerly written for the now defunct Washington Star and had become interested in publishing journals for various industries, so UCG started out with Oil Express and soon acquired many other journals. Levenson also became a board member of Tech Target and BIA Digital Partners.
As a philanthropist, Bruce Levenson helped start several foundations based in Washington D.C. including Hoop Dreams, the “I Have a Dream” Foundation, and the Center for Philanthropy and Non-Profit Leadership at the University of Maryland. Levenson is also active with the Holocaust Memorial Museum, an event that’s important to him because of his family heritage. Levenson also supports several Jewish non-profit groups and public policy organizations including SEED Foundation, Birthright Israel and BBYO. He was also part of the Anti-Defamation League’s committee that launched the “Concert Against Hate” event in 2015.