Former Hawks Ownership Sues Insurance Company

Bruce Levenson controlling partner of (AHBE) the philanthropist and former owner of the Atlanta Hawks has filed a lawsuit against the New Hampshire Insurance Company. In 1977 Bruce was also one of the founders of the Communications Group (UCG) http://www.ucg.com/AboutUs/Ownership.aspx. The lawsuit was filed because of a breach of contract involving claims settlements made by former general manager Danny Ferry. The current owners have nothing to do with the recent filing. Since 2004 Bruce Levenson also served as the Atlanta Hawks Governor on the NBA Board of Governors. He is a founding member and is on the board of directors for the publicly traded TechTarget which is an IT Industry Media Company. On June 22, 2015, the Hawks ownership and Ferry reached a disclosed buyout agreement that ended the eighteen million and six year 2012 contract. Two days later, the approval of the sale of franchise to the Ressler-led group came. In a statement on Forbes, Ressler says he respects the NBA’s approval process and that the new owners are incredibly excited by the success of the Hawks and wish them success in the playoffs. Led by Ressler, the purchasing group includes former NBA All-Star Grant Hill, Clayton Dubilier & Rice, partner Rick Schnall, Spanx owner Sara Blakely and her husband, Jesse Itzler.

 

 

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