Bruce Levenson And AHBE Are Firing Back At AIG

A major court battle is taking place right now between Bruce Levenson, the businessman and former owner of the Atlanta Hawks along with Atlanta Hawks Basketball & Entertainment (AHBE), and the team’s former insurance company AIG. Levenson sold the team in early 2015, and AHBE had elected to buyout the contract of Danny Ferry, the former general manager. Such a move was supposed to have allowed AHBE to file a claim with AIG to compensate them for losses, but AIG has not recognized their right to do so. Levenson and AHBE have taken the matter to court and has maintained they were within their rights to file a claim, and they now want damage relief not only for AIG’s failure to honor the claim, but for court costs as well.

According to ESPN, Bruce Levenson purchased the Atlanta Hawks in 2004 along with the NHL’s Atlanta Thrashers, whom he sold in 2011. Prior to owning the Hawks, Levenson co-founded a company that’s owned several major industry newsletters. The company is Unified Communications Group (UCG), and it was founded in 1977 when Levenson and his friend, Ed Peskowitz published Oil Express. The company soon began covering other industries such as technology, healthcare and mortgage banking, and it would later become the parent company to GasBuddy. Source: brucelevenson.com

Bruce Levenson is a member of several charity groups, and even helped establish the Center for Philanthropy and Non-Profit Leadership at the University of Maryland. He’s been a major contributor to the Holocaust Memorial Museum, founding the “Bringing the Lessons Home” program which teaches young people about the event and helps them learn how to become tour guides at the museum. Levenson brought the Atlanta Hawks entire basketball team and coaching staff to the museum in 2014 where his mother-in-law, a survivor of the event told her story.

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