When Bruce Levenson took control of the Atlanta Hawks NBA franchise in 2004 the team was languishing at the bottom of the standings and led the Georgia based team on a decade long resurgence that led to them entering the 2015 playoffs as the number one seed. Levenson has now embarked upon a legal case that he hopes will bring to an end the ownership issues he and his fellow former owners of the Hawks face regarding the mutual termination of the contract of former Hawks General Manager Danny Ferry; this case revolves around an insurance claim made by Levenson and his legal team after Ferry’s six year $12 million contract signed in 2012 was terminated in June 2015 just days before the sale of the franchise was announced.
The legal team of Bruce Levenson explained they believe the insurance policy of Levenson should have covered a constructive dismissal claim begun by Levenson’s team as early as April 2015 when actions and comments made by Ferry were made that should have been covered by the AIG policy. Attorney James J. Leonard explained there was no reason why the initial claim made by the Atlanta Hawks Basketball & Entertainment group should not have been paid by the insurance company as an agreement had already been reached over the details of the claim.
After selling the Hawks in June 2015 to a consortium headed by technology executive and Forbes listed billionaire Tony Ressler, Bruce Levenson has spent a large amount of time looking to extend his philanthropic work. Not only have Bruce and Karen Levenson continued to provide their backing to fund a new dorm at the University of Maryland, reports benzinga.com, but they have also increased their level of involvement with the Kennedy Center for the Arts and the Anti-Defamation League.
Bruce Levenson bio: https://www.nsf.gov/staff/staff_bio.jsp?lan=blevenso