Formers Hawks Ownership Sues Finance Company

The Atlanta Hawks LLC franchise has decided to take one of the many companies surrounding it to court now.

Atlanta Hawks LLC, also known as the team’s Basketball and Entertainment LLC (AHBE) has taken the initiative to hit the New Hampshire Insurance Company with a big lawsuit over a recent breach of contract involving settlement claims. The Atlanta Hawks former ownership group happened to include controlling partner Bruce Levenson.

The lawsuit that was filed against the company was also described as AIG and was for a civil action of breach of contract and insurance bad faith. AHBE said that they were insured under a policy for coverage if certain losses related to employment took place, one of them including wrongful termination. In the end, the lawsuit claimed that even though AIG had an obligation to pay and acknowledged all the claims triggered by the AIG policy, they still failed and refused to pay for the covered loss in bad faith, meaning no justification for their actions was mentioned.

Among the many names involved in this process is Bruce Levenson. Levenson was, at one point in the past, the former owner of the Atlanta Hawks LLC franchise, the company that owned the basketball team and Phillips Arena.His first big deal was helping to cofound the United Communications Group (UCG) with Ed Peskowitz in 1977, which was a group that specialized in data and analysis for issues like healthcare, energy, oil and communications.