Bruce Levenson Files Lawsuit Against AIG for Failure to Cover Wrongful Termination

Bruce Levenson is leading the Atlanta Hawks Basketball and Entertainment LLC in a lawsuit against insurance AIG. The groups filed the lawsuit on September 13th at the Superior Court in Fulton County. Levenson and the AHBE are former owners of the Atlanta Hawks franchise. On June 22, 2015, an undisclosed buyout agreement was made between former general manager Danny Ferry and the AHBE organization. According to Levenson and the AHBE, the AIG insurance company covered them for certain issues relating to employment practices. The group felt that certain acts such as “Wrongful Termination” occurred during the buyout agreement made with Danny Ferry. AIG is refusing to claim they had covered the AHBE for any such damages. Tony Ressler, the current owner of the Hawks, has remained silent on the dispute as both parties involved are no longer associated with the franchise.

Bruce Levenson was raised in Chevy Chase, Maryland by a middle class family. Levenson received his undergraduate degree from Washington University in St. Louis. According to Tame.com, he continued his education at American University where he graduated law school. It was during this time that Levenson landed his first job at the Washington Star in journalism. Motivated by his passion for journalism, Levenson founded United Communications Group with his partner Ed Peskowitz. Started in 1977, UCG began operating out of a small apartment above the shop of Levenson’s father. The duo began printing a newsletter by the name of Oil Express. The publication focused on happenings in the oil industry. UCG continued to grow as it acquired other similar companies and expanded its operations. Today, UCG stands as one of the leading providers of business information by offering their clients news, analysis and data. They work with a variety of different industries such as energy, technology, healthcare and more.

Besides his active business pursuits, Levenson is very active philanthropically as well. He worked to help lower-income families afford higher education by leading the Washington division of the I Have a Dream Foundation. Levenson was also an active contributor to the local Community Foundation of Washington. His love for basketball drove Levenson to become involved in the Hoop Dreams Foundation as well.

Source: brucelevenson.com