Bruce Levenson And AHBE Are Suing For Damages Done By Former Insurance Company

Bruce Levenson and AHBE want payments for damages incurred during the sale of the Atlanta Hawks. Levenson owned most of the franchise’s shares along with AHBE from 2004 to 2015 when he sold the team to Tony Ressler and company. According to ESPN, the sale was completed as planned, but along the way Levenson and AHBE seem to have hit a snag with AIG, their former insurance company. When the team was sold, AHBE had opted to buyout then general manager Danny Ferry’s contract, and the policy they had would have covered such an event according to AJC. But so far, AIG will not honor the claim even though AHBE’s attorneys have stated their was enough evidence that AHBE was entitled to the claim. This situation is now being resolved in court where Levenson and AHBE want damage settlements.

Levenson is also an entrepreneur who owns a major newsletter publication company. He first went into journalism when he worked for the Washington Star, working there at night while attending law school at American University. Levenson decided to start his own journalism company along with his friend Ed Peskowitz in 1977, so they both founded Unified Communications Group (UCG), a newsletter organization that focused on developments in industries ranging from healthcare to energy and oil. Levenson also sat on the board at TechTarget, a company that spun out of UCG. More details on brucelevenson.com.

Bruce Levenson has helped start several charities over the course of his career, and has presided over several non-profit events. He is a contributor to the Holocaust Memorial Museum, where he took the entire Atlanta Hawks team and coaching staff in 2014 while his mother-in-law told her story of survival. And he also helped sponsor the “Bringing the Lessons Home” program where inner city children learn about the event and learn how to become museum tour guides. Levenson is also a member of several political activist groups such as Seeds of Peace and BBYO Foundation.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson