The former ownership group of the Atlanta Hawks National Basketball League franchise has filed suit against the New Hampshire Insurance Company. The lawsuit is based upon an allegation of breach of contract. Specifically, the ownership group contends that the insurance company breached a contract in regard to the settlement of certain claims that were made by the team’s former general manager, Danny Perry.
The lawsuit does not involve the current ownership group of the franchise. The former ownership group pursuing legal relief has Bruce Levenson in the position of its controlling partner.
Bruce Levenson and his ownership group contend that the insurance policy should have “kicked in” and paid for some or all of the money expended to buy out the contract of Danny Perry when the franchise made the decision to get rid of him. In addition to breach of contract, there is also an allegation of insurance settlement bad faith on the part of the insurer.
In addition to seeking a payment of the policy limits, the lawsuit is also seeking an additional 50% penalty payment from the insurer. According to a Time.com report, the former ownership group led by Levenson is also requesting the court issue an order covering its costs and attorney fees in pursuing the lawsuit against the insurance company.
In addition to his role with the Atlanta Hawks ownership group, Bruce Levenson is the founder of United Communications Group. He established that enterprise in the mid-1970s.
He is also a founding board member of a venture called TechTarget. TechTarget is a publicly traded company in the IT media industry.
Bruce Levenson was an adviser for a company called BIA Digital Partners. BIA is a private equity firm.
In addition to his various business endeavors, Levenson is active in variety of philanthropic activities. These include the Community Foundation of Washington, D.C. as well as the Hoop Dreams Foundation.