Bruce Levenson gained notoriety as a part-owner of the Atlanta Hawks basketball team and Philips Stadium. Although he is no longer an owner, Bruce is currently making Forbes headlines with his legal battle against AIG. During his ownership, Bruce, and his fellow former owners held an insurance policy with AIG. That relationship ended two days before ownership of Atlanta Spirits, LLC., changed hands. A representative of AIG, Danny Ferry, came to an undisclosed agreement with the former owners, also referred to as AHBE, on June 22, 2015. At first, everything seemed to have gone over smoothly.
Shortly afterward, AIG began resisting AHBE’s claims. According to the policy, AHBE was to be covered for certain losses that pertained to particular acts of employment practices. These practices could include, but were not limited to, “wrongful termination” and “workplace torts.” AHBE had taken all the necessary steps to receive the payout promised by Ferry. Despite their previous agreement, AIG refused to payout for their losses, leading AHBE to file a lawsuit on September 13. AHBE has provided documented proof of their previous buyout agreement with Ferry, but AIG refuses to acknowledge that their policy has been triggered. Even though AHBE has provided documents, AIG has yet to offer any explanation as to why they’re resisting.
Bruce Levenson, co-founder of United Communications Group, http://www.ucg.com/AboutUs/Ownership.aspx, is doing a fantastic job leading the team. Despite his recent financial blunder, over-estimating how much he could sell the Atlanta Hawks for, he’s done a wonderful job making sure AHBE has all the necessary documentation to take AIG to court. He gained all his experience leading teams by moving from company to company, working in high-level positions. Early in his career, he was a writer for the Washington Star and Observer Publishing.
Bruce Levenson is a philanthropist He. has been the president of both Hoop Dreams and the “I Have a Dream” Foundation, scholarship fund programs for young children in the inner city. Levenson also founded the University of Maryland’s Center for Philanthropy and Non-Profit Leadership, and he’s also a contributor to the Holocaust Memorial Museum. His mother-in-law is a survivor of the Holocaust, and she once told her story to the Atlanta Hawks players and coaches when they visited the museum in 2014.