The former NBA Franchise group ownership, the Atlanta Hawks Basketball, and Entertainment LLC, pressed charges against New Hampshire Insurance Company over breach of contract involving compensation of claims alleged by the former general manager. Bruce Levenson, a controlling partner of the former AHBE, is involved; however, the lawsuit doesn’t involve the current managing Hawks group.
The lawsuit was filed on 13, Sept 2016 at Superior Court of Fulton County. The insurance is sued over insurance bad faith and breach of contract. AHBE states that it was insured under a policy that covered specific losses related to employment practices, including, but not limited to various deeds of “Wrongful Termination” and “Workplace Torts.” The court document indicates that AHBE notified AIG on 2 April 2015 about the claims asserted by Ferry that presumed were covered.
In a report by Forbes, Hawks ownership and Ferry reached on a confidential buyout agreement on 22 June 2015, and the approval of the sale followed two days later.
Current spokesman of Hawks explains that they are aware of the complaint and that the parties involved in the cases are no longer connected with Atlanta Hawks Organization.
The litigation indicates that the confidential limits of the liability of the policy are enough to play AHBEs allegations. The lawsuit further states that the AIG has declined to acknowledge that a claim was made and that the policy was triggered. More so the lawsuit states that the AIG refused to indulge in defense of the mentioned claims or accept coverage amid discussion. The document alleges breach of contract for failure to compensate losses covered.
James j. Leonard of Barnes & Thornburg LLP, the law firm representing AHBE says that the complaint speaks for itself.
Bruce Levenson is a journalist, an entrepreneur and a successful founder of various enterprises and also a philanthropist. He life endeavors include a broad range of interest including cooking, sports and business intelligence. Levenson is also the founder of UCG, the director of TechTarget and also a co-founder of DOT, a new cooking technology firm.