Bruce Levenson was the head of the ownership group controlling the Atlanta Hawks NBA franchise from 2002 until 2015 when the franchise was sold to a consortium headed by Forbes billionaire Tony Ressler. Two years after the sale of the Hawks, Levenson and his fellow former owners in the Atlanta Hawks Basketball & Entertainment LLC are still fighting to close an insurance claim made regarding the termination of the contract of Hawks General Manager Danny Ferry.
The claim remains unpaid by insurance giant AIG after almost two years following the dismissal of Ferry two days before the final sale to Ressler’s consortium was completed. Ferry had signed a six year contract in 2012 and reached an agreement to terminate his contract, which Bruce Levenson and his fellow former owners believe should have been covered under the terms of the insurance policy they took out with AIG to protect their organization against unfair dismissal and constructed dismissal claims.
Levenson is a Maryland native who has remained located in this area and maintains the headquarters of his United Communications Group in Maryland to benefit the community he grew up in. Bruce Levenson formed UCG with his long term business partner Ed Peskowitz in 1977 in a store room where they created newsletters for the oil and gas industries; Levenson has given back to the local community in many ways, but should be particularly proud of the establishment of a school of philanthropy at the University of Maryland.
Bruce Levenson believes his organization followed the details of the insurance policy in informing AIG of claims being made by Danny Ferry following his departure from the Hawks franchise. Levenson’s lawyers state AIG have so far refused to accept the policy has been triggered and has refused to recognize any claim being made.