New Hampshire Insurance Company is being sued by The Atlanta Basketball and Entertainent LLC because of a claim that they breached a contract for a claims settlement that involved Danny Ferry. Danny Ferry was the general manager of the company. Bruce Levenson was the controlling partner of AHBE and is included in the lawsuit but does not include the current principal owner Toney Ressler.
AIG was supposed to cover a termination claim that was believed to be legitimate based on the contract that was in place. There eventually was an agreement for a settlement amount that was not publicly disclosed. The buyout agreement was struck on June 22, 2015.
Bruce Levenson is not only a well-known businessman but a well-known philanthropist. He is the co-owner of the company that owns Philips Arena and the Atlanta Hawks team. He also is the co-founder of the NBA Board of Governors and the United Communications Group. Tech Target and IT industry media are other prolific companies for which he serves in an executive capacity.
The Forbes billionaire Bruce Levenson was born in Washington D.C. and was raised in Chevy Chase, MD. He graduated college from Washington University and attended American University law school. His first job during college was writing for the Washington Star.