The company that used to insure Atlanta Hawks LLC has been sued for breach of contract. The company and its previous owner, Dan Ferry will be answering to several charges in which the former owner of ABHE, Bruce Levenson has been enjoined. The current team managing the game is not part of this lawsuit. The prosecution side states that they are suing because a contract that had been signed has been acted against by the insurer.
According to the ABHE, the insurer had stated in their premium that they would cover all the losses that would result from employment practices. The malpractices that were to be covered included wrongful termination, discriminating hiring practices and also other employment law related issues. The current ownership at hawks stated that they had heard about the lawsuit, but did not think it had any effect on the current running of the company and its business. No particular details of the case were offered by either company.
Bruce started creating businesses when he was still in college. He created UCG, a communications company with his college friend Ed Peskowitz. The business that they initially run from inside their dorm room is now a billion dollar company. He attended the Washington College and later joined the American University’s law school. Bruce Levenson’s struggle to make it in a business that was dominated by people born into riches has endeared him to many as a self-made success story.
In 2011, Bruce decided to invest in something new and that is when the basketball team came to his mind. He bought the Atlanta Hawks and nurtured it for 4 years before selling it at a huge profit in 2015, claims Forbes.com in a report. The current principal, Tony Ressler has been running the company since 2015. Away from business, Bruce is a family man and also a philanthropist with influence in many charities. See, http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html.