It has been over a year-and-a-half since the former ownership group of the Atlanta Hawks dismissed General Manager Danny Ferry. Still, controlling partner Bruce Levenson and his fellow ex-owners are dealing with the fallout. The latest issue involves a lawsuit filed by the group against New Hampshire Insurance Group, also known as AIG. The suit, filed in Fulton County Superior Court, claims a breach of contract on the part of AIG.
According to Time.com, Ferry was dismissed in June of 2015 as Hawks GM by Levenson’s ownership group, Atlanta Hawks Basketball and Entertainment LLC (AHBE) following a buyout of Ferry’s contract. Levenson and his group claim they were covered by AIG for losses that occurred from certain employee actions, including claims of wrongful termination. The lawsuit by AHBE claims AIG refused to acknowledge the policy and failed to pay the costs of the settlement with Ferry. http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks
AIG officials have refused to comment on the matter. Officials with the Atlanta Hawks stated the lawsuit has nothing to do with the current ownership group, and will not comment on it.
Levenson is a graduate of American University law school in Washington D.C. He started out as a newspaper reporter before founding United Communications Group. In 2004, Levenson formed the group then known as Atlanta Spirit LLC to purchase the Hawks. In 2015, the team was sold to a group led by equity fund manager Anthony Ressler. Info can be sourced from Wikipedia.