Lawsuit on AIG

The New Hampshire Insurance Company is being sued by the former ownership group of the NBA Franchise, the Atlanta Hawks Basketball and Entertainment LLC (AHBE), for a violation of contract made by former general manager Danny Ferry concerning the settlements of claims. Bruce Leveson and the AHBE filed a lawsuit on September 13th against the insurance company known as AIG. Current owner Forbes billionaire Tony Ressler, is not involved in the issue or lawsuit. The lawsuit consist of a civil action for breach of contract and insurance bad faith. In response to the claim, AIG refused to agree that a claim was made or a policy has been triggered although AHBE states that “it was insured under policy for coverage for certain losses related to employment practices.” Former NBA team owner, businessman and philanthropist, Bruce Levenson, was the co-owner of the Atlanta Hawks Basketball and Entertainment LLC. In 2004, Leveson served as the Hawks governor on the NBA Board of Governors. Prior to his engagement with the NBA, Levenson Co-Founded the United Communications Group (http://www.ucg.com/AboutUs/Ownership.aspx) in 1977. As a philanthropist, Bruce Levenson served as president of the Washington chapter of I Have a Dream Foundation and he is the founding donor to the U.S. Holocaust Museum.