Not too long ago, Bruce Levenson, the former owner of the Atlanta Hawks and director of the AHBE or Atlanta Hawks Basketball and Entertainment, started up a lawsuit against New Hampshire Insurance Company due to a breach of contract. Former general manager, Danny Ferry, made claims on his termination. The current owner for the Atlanta Hawks, Tony Ressler, has stated on ESPN News that he will not partake and is not included in the lawsuit.
According to AHBE and Levenson’s team, the incident that involved Danny Ferry’s termination was in fact covered by New Hampshire Insurance Company’s policies. In essence, the problems that are being brought up are employment issues surrounding wrongful termination and workplace torts. It was Ferry that originally brought up the issue because he notified AIG in early 2015, but they only stayed that the incident was not covered under their policy and left it alone.
It was in the summer of 2015 that Tony Ressler and his group came to an agreement for buying out the Atlanta Hawks from the AHBE, ending the 6 year contract that began in 2012. Ressler’s group also responded on the current situation regarded the ABHE and their lawsuit with the insurance company, stating that they are in no way involved and will not be in the future. Currently, the money for the claim has not been disclosed, but is still focused on the insurance company’s failure to cover settlement losses, which has also been increased by 50 percent by AHBE to cover costs of legal fees. In AIG’s case, they have stated they refuse to pay any amount unless their is a very good case to support it. Information above can be sourced from brucelevenson.com.