A lawsuit has been filed against New Hampshire Insurance Company by NBA Franchise’ ownership group, Entertainment LLC, and the Atlanta Hawks Basketball. The lawsuit was due to a breach of contract which involved the settlement of claims that was made by Danny Ferry. Danny is the former general manager of New Hampshire Insurance Company. Bruce Levenson is the controlling partner. He was included in the Former Hawks Ownership Group. The lawsuit does not involve Tony Ressler. Tony is the current principal of Hawks Ownership group.
The lawsuit was filed on 13th September in the Superior Court of Fulton County. The lawsuit is termed as a “civil action due to a breach of contract and insurance bad faith.” Hawks and Ferry ownership reached an undisclosed buyout agreement on 22nd June 2015. The agreement terminated the relationship that started with a 6-year contract worth $18 million in 2012. According to Forbes, there was the sale approval of the franchise to the group led by Ressler two days later. The current spokesperson of Hawks ownership said that they knew about the complaint and that the involved principal parties no longer had ties with the Atlanta Hawks organization. The spokesperson added that they would not give additional comments on the issue. The documents of the court stated that the claim amount was confidential. The lawsuit further stated that the liability confidential limits of the policy are enough to play the allegation of AHBE.
Bruce Levenson is a partner and co-founder of UCG (United Communications Group). Bruce is also the owner of Atlanta Spirit, LLC. Bruce has a Bachelor’s degree in Arts degree which he earned from Washington University. He is the president of the “I have a Dream Foundation.” He is also committed to numerous philanthropic endeavors, http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html. He once worked at TechTarget.com where he was the Director.