On June 24th 2015 the Atlanta Hawks Basketball and Entertainment LLC group headed by United Communications Group founder Bruce Levenson sold the NBA franchise to a consortium headed by technology billionaire Tony Ressler for a reported $730 million; the former Hawks ownership group has not been able to bring their links to the NBA to a close as a workplace insurance claim relating to the mutual termination of the contract of former General Manager Danny Ferry drags on. Bruce Levenson‘s group is now working with the Barnes and Thornburg law firm in their bid to reach a conclusion to the insurance claim now being brought against New Hampshire based insurance giant AIG.
ESPN describes Bruce Levenson as a well known figure in the NBA after heading a buyout of the Atlanta Hawks and NHL’s Atlanta Thrashers franchises in 2004. Levenson’s consortium jettisoned the Thrashers franchise to allow the group to focus their attentions on the basketball side of operation that led to a rise from the bottom of the NBA standings to the number one seed position in just over a decade. Over the course of his ownership of the Hawks Bruce Levenson was always keen for the franchise to play a key role in community events and programs, including a 2014 trip to the U.S. Holocaust Museum to promote the work of this charitable group backed by the Levenson family.
The claim currently making its way through the Superior Court of Fulton County dates back as far as April 2nd 2015 when the then Hawks ownership began discussing events surrounding Danny Ferry the group felt triggered the workplace practices policy held by AIG. Despite repeated attempts Bruce Levenson’s attorneys claim AIG has failed to respond to communications about the insurance claim that was initially triggered before the Hawks were purchased by Tony Ressler’s consortium.