Bruce Levenson, and the other members of the former ownership group of the Atlanta Hawks NBA franchise filed a lawsuit against an insurance company. The lawsuit is now pending against the New Hampshire Insurance Company.
The lawsuit raises an allegation regarding breach of contract. Levenson and the rest of the ownership group contend the insurance company breached a contract by failing to pay for the settlement of certain claims. The settlement involved claims made by the Hawk’s former general manager, Danny Perry.
The litigation is confined to the former ownership group and does not involve current ownership of the Hawks. Levenson is in the position of controlling partner of the former Hawk’s ownership group.
Levenson and his crew contend the insurance policy required the insurer to pay for some or all of the money expended in the buyout Danny Perry’s contract with the franchise. The lawsuit also contends that the insurance companies engaged in bad faith settlement practices in regard to the Perry buy out matter.
The former ownership group is seeking a court order requiring payment of the full amount possible under policy terms. The lawsuit also seeks a 50 percent penalty payment from the insurer. The 50 percent penalty is based on the maximum payout possible under the terms and conditions of the insurance policy. The group headed by Levenson also seeks an court order requiring the insurance company to reimburse its attorney fees and costs in this case.
Levenson has a career that extends beyond his work with the Atlanta Hawks. He, and a business partner, founded United Communications Group. That company was established in the 1970s.
Levenson is an initial board member of a venture called TechTarget. Levenson also was an adviser for a company called BIA Digital Partners. BIA is classified as a private equity firm. See, brucelevenson.com
Levenson is active in an assortment of philanthropic activities. These activities include organizations like the Community Foundation of Washington, D.C., and the Hoop Dreams Foundation. http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html