The previous ownership group of the Atlanta Hawks NBA franchise has taken legal action against AIG. According to the previous Hawks ownership group, which includes UCG founder Bruce Levenson, the lawsuit filed against the New Hampshire Insurance company alleges a violation of a contract agreement with the insurance firm concerning the settlement of claims. An official press release statement on Forbes by the current Hawks ownership led by the principal owner Tony Ressler, claims that the new regime is fully aware of the lawsuit although they are not part of it. The statement further adds that the principal parties behind the lawsuit no longer have existing connections with the NBA franchise.
The legal action taken by the previous Hawks ownership was prompted by the refusal of AIG to admit receipt of a notification of claim forwarded by Danny Ferry, the previous general manager of Hawks organization, and agree to settle the covered claims. The Hawks organization had taken insurance coverage with AIG against losses pertaining to employment practices. The cover included, but not restricted to, particular acts of unlawful termination as well as workplace torts.
In regards to the claim notice, there are court materials that prove that Hawks organization notified AIG that Danny Ferry had stated claims that in Hawks’ judgment were covered. So based on the aforementioned facts, the previous Hawks ownership firmly believes that AIG had no concrete reasons to neither argue that it wasn’t given a claim notice nor refute that its insurance policy didn’t cover the claim. Although the claim is confidential as proven by, the court documents, the claim seeks to obtain a further 50 % fine for the due loss and legal fees and expenses.
Bruce Levenson is the previous proprietor of the Atlanta Hawks Basketball and Entertainment LLC. He boasts of a rich educational background having earned a law degree from the American University. He is the husband to Karen and a father of three sons. Apart from business, he also takes part in philanthropic activities and helped fund the center for Philanthropy and not-for-profit leadership at the University of Maryland.