Bruce Levenson Hopes To Bring An End To Hawks Insurance Claim

Bruce Levenson was the owner of the Atlanta Hawks NBA franchise from 2004 until 2015 and oversaw a period when the historic team made major leaps towards reaching the top of the basketball world once again. In the course of more than a decade at the Hawks Bruce Levenson was a member of the NBA Board of Governors and used his skills as a business leader to lead the Hawks to the top of the Eastern Division for the 2015 playoffs; for Bruce Levenson the social impact of his time at the Hawks was just as important as the success the team had on the court.

Unfortunately for Bruce Levenson the experience of successfully selling the Hawks franchise in June 2015 to billionaire Tony Ressler for an estimated $730 million (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) has ended with a court battle with the insurance giant AIG. Bruce Levenson and his legal team will argue in a Fulton County Court that AIG should have completed a speedy financial payout soon after the 2015 termination of the six year $18 million contract of former Hawks General Manager Danny Ferry; AIG had completed early negotiations with Levenson’s ownership group of the Hawks, but have since failed to communicate with Levenson’s Atlanta Hawks Basketball & Entertainment LLC since the sale of the team was completed.

Karen and Bruce Levenson have worked together on many occasions during and after his work with the Hawks, including their positions as co-chair’s of the Kennedy Center for the Arts Concert Against Hate; the couple have also worked to develop the University of Maryland program to create the next generation of philanthropists and not for profit leaders.

Source: Wikipedia.org