Atlanta Hawks Owner Sues Insurance Company

Bruce Levenson, (see, brucelevenson.com) the former owner of the Atlanta Hawks, is now filing a lawsuit against New Hampshire Insurance Company. This lawsuit is regarding a breach of contract regarding the settlement due to the claims that had been made from a past general manager Danny Ferry. This lawsuit is not affecting any of the currents board of Directors of the Hawks ownership or owner Tony Ressler. This civil action has been put in place for a breach of contract and insurance bad faith. The previous ownership of the Atlanta Hawks claims but their insurance policy covered losses related to wrongful termination. Levenson other board of director members notified their insurance company in the spring of 2015 that they believed they were covered for such losses.
When asked by ESPN, a spokesperson for the current ownership of the Atlanta Hawks stated that they were very aware of the ongoing issue. However, they were not willing to make any further statements as has their ownership has no ties to past ownership. This current lawsuit is not only looking for the unpaid losses to be repaid but is also looking for a 50% additional penalty of the unpaid loss and all attorney fees to be covered.

http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html

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