Bruce Levenson, part of the former Hawks ownership group, has filed a lawsuit against New Hampshire Insurance Company for breach of contract. Levenson put the Atlanta Hawks went on the market last January and the team was purchased by entrepreneur Antony Ressler who paid roughly $850 million. Along with his former ownership of the Hawks, Levenson is the co-founder and partner at United Communications Group.
Levenson also served on the Board of Directors of the Newsletter and Electronic Publishers Association and has been the President of the “I Have A Dream Foundation” of Washington as well as much involvement with numerous other philanthropic groups.
Levenson is now involved in the lawsuit that was filed in Superior Court of Fulton County in September for breach of contract and insurance bad faith. Levenson claims his former company was insured under a policy that included coverage for certain losses related to employment practices including wrongful termination. In April of 2015, notice was given to the insurance company for claims that should have been covered.
In a report by ESPN News, former Hawks ownership reached a buyout agreement with Ressler in June of 2015. Per court documents, the claim amount is undisclosed and the suit states the confidential limits of liability stated within the insurance policy are sufficient for the former Hawks ownership claim. The lawsuit goes on to state that the insurance company has refused to even acknowledge the claim or that the policy has been triggered. Thus making this a breach of contract between the two parties.
While the full amount has not been disclosed, the lawsuit seeks an additional 50% penalty of the unpaid loss and the attorneys fees. The insurance company, thus far, has not been available for comment.