Category Archives: Insurance Company Claims

Former Hawks Management Sues AIG for Contract Breach

Mr. Bruce Levenson is a partner and co-founder at United Communications group (UCG). He is also the former owner of the Atlantic Spirit, LLC. In 1988, Mr. Ed Peskowitz together with Brice founded the UCG. Before venturing into UCG, he worked as an author for Observer Publishing and Washington Star. He also directed TechTarget, Inc. on February 12, 2015. He also served as a leader for the company for over two years. He worked as a board member for Electronics and Newsletter Publishers Association. He is the leader of the Washington-based I Have a Dream Foundation that involves philanthropic activities. He also has a J.D from the University of America and an Arts Degree from Washington University.

The AHBE former management group has taken AIG to court for breaching their policy contract. This was a statement by the previous manager Danny Ferry. AHBE included Brue Levenson, the controlling partner, into the lawsuit. The litigation has no involvement with the ownership steering the current team. The current group is led by Tonny Ressler.

In a report by ESPN, the litigation was filed by a superior court of Fulton County. In September, the AIG breached their contract and had bad faith in insurance. According to the presented documents, AIG received a notice from AHBE managing group on April 12, 2015. The Hawks ownership group reached an agreement to end the six-year relationship. Their contract was stated at $18 million. The agreement was reached two days before the sale was approved.

According to the Hawks spokesman, they are aware of the litigation. The principal parties involved in the dispute have nothing to do with the club. They have no comment on the litigation. The insurance company refused to pay premiums to the company thereby going against their policy. Mr. Ferry’s claims trigger the policy coverage. They never returned emails seeking their comment from Ferry.