No matter what part of the world you live in or what industry one works in, it’s best to avoid getting involved in lawsuits. Insurance companies know about this better than many others.
Recently, the Atlanta Hawks Basketball and Entertainment LLC filed their own lawsuit against the New Hampshire Insurance Company. Atlanta Hawks LLC is the name of the company that once held ownership over the Atlanta Hawks NBA franchise. The lawsuit involved a real breach of contract with a settlement of claims that was made by the former manager Danny Ferry.
Bruce Levenson, one of the controlling partners part of the former ownership group, was included in this but not the current Hawks ownership. The lawsuit states that the insurance company, also known as AIG, had a breach of contract and insurance bad faith to go along with it. Atlanta Hawks LLC states that had a policy of coverage that it was insured for involving certain losses related to employment. The lawsuit further adds that AIG had refused to pay for any covered losses without any justification or in bad faith, despite a clause that said it was their obligation to pay them.
As for individuals in the matter, Bruce Levenson is one of the former owners of the Atlanta Hawks LLC franchse. He got his start living in Chevy Chase, Maryland and attended Washington University in St. Louis and got a graduate degree from American University. Before becoming part of the Hawks franchise, he co-founded his own company called the United Communications Group (UCG) along with Ed Peskowitz in 1977. The group was based around analyzing data in oil, healthcare, energy and technology. Afterwards he and Peskowitz became majority partners of the Atlanta Hawks LLC in 2004, which not only included the Hawks but also Phillips Arena, their home stadium.