AHBE LLC has filed a lawsuit against AIG for their failure to pay claims relating to the termination of Danny Ferry, who had been the General Manager of the team. The ABHE were the owners of the Atlanta Hawks NBA franchise and Bruce Levenson was a controlling partner.
The suit, claiming that AIG acted in bad faith and failed to honor an existing contract, was filed in Fulton County (Georgia) on September 13, 2016. ABHE had an existing policy to cover loss claims involving “Wrongful Termination” and “Workplace Torts”. They contend that the claims asserted by Ferry should have been covered under the policy. According to the suit, AIG has failed to concede that a claim was made and that those claims should have prompted the policy to pay out.
The lawsuit is unrelated to the current ownership group, led by Antony Ressler and Grant Hill, and while they have acknowledged the existence of the lawsuit, they have nothing more to say on the matter.
Mr. Levenson is the co-founder of Unified Communications Group (UCG), a company known for its award-winning content and conferences. Along with Ed Peskowitz, Levenson started the company in 1977 with an initial focus on the energy industry. Time Magazine reveals that the company was one of the first to distribute information in an electronic format, allowing them to deliver the news in a way that was well-timed to the industry’s needs. UCG has continued to grow and prosper, adapting to the changing market needs. The company created the popular GasBuddy app, which is available on both iTunes and Google Play.
Mr. Levenson is a graduate of Washington University and the law school at American University. According to PR News, his philanthropic endeavors have included working with the I Have a Dream Foundation and the Hoop Dreams Foundation.