The Atlanta Entertainment and Basketball Company is the former NBA franchise management group. The company, under the leadership and direction of Danny Ferry, has filed litigation against the New Hampshire Assurance Company over bad insurance faith. According to the company, the Insurance company breached their contract which involved claim settlement made by the former general manager.
The former management of AHBE has included the decision of the former controlling partner to take the insurance company to court. According to Bruce Levenson (http://brucelevenson.com/) the litigation has no involvement in the current management of the Hawks. Tony Ressler is the leader of the current ownership of the Hawks.
The Litigation, filed in the Fulton County Superior Court against the New Hampshire Insurance Company that Time, was also described as the bad insurance faith and breach of contract. For the company, this insurance policy was to cover the company over certain losses including wrongful termination and workplace torts which are related but not limited to participation. According to the documents presented in court, the former management of AHBE gave the insurance company a notice in 2015 which claimed to be asserted in cover.
The Hawks and Ferry ownership reached an agreement behind closed doors. For them, he agreement was undisclosed in 2015. This was the mark of the end of the six-year relationship that saw them transact more than $18 million. The sale approval was also tied to the Atlanta Hawks. For them, this was the last commitment made by the former Hawks Management Company.
According to the documents presented at the Fulton County Superior Court, the claim contended a confidential amount. The confidential limits, according to the litigation, is one of the liabilities presented by the claim. According to the claim, the insurance company failed to acknowledge the claim. For this reason, they also refused to recognize that the policy was triggered. Information on this article courtesy of Wikipedia.org.