Bruce Levenson, the UCG founder and former owner of the NBA basketball team, the Atlanta Hawks, is leading the AHBE LLC. lawsuit against the New Hampshire Insurance Company. The AHBE or Atlanta Hawks Basketball and Entertainment LLC. is suing the New Hampshire Insurance Company in Fulton County Supreme Court for breaching its contract that it had with the AHBE and for bad insurance faith. According to ESPN, this pending lawsuit does not involve the current owner of the Atlanta Hawks, which is Tony Ressler. His ownership group has declined to comment on the incident, since it does not involve him or his ownership in any way.
The Atlanta Hawks Basketball and Entertainment LLC., claim that the New Hampshire Insurance Company have failed to pay compensation to the ownership group when then manager Danny Ferry’s employment contract was terminated. Ferry was involved in an incident where he was accused of racism. The incident was a false accusation and Danny’s ferry charges of racism towards players were cleared and dismissed.
At the time that this incident was happening with Danny Ferry, the Atlanta Hawks Basketball and Entertainment LLC. was in negotiations with another group to sell and transfer ownership of the team. Due to the fact that Danny Ferry was accused of racist behavior and actions, http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/, the Atlanta Hawks Basketball and Entertainment LLC, had to buy out his contract in order for the deal to go through. Ferry had a multiyear contract worth tens of millions of dollars.
The attorney representing the AHBE LLC. and Bruce Levenson argue that Danny’s Ferry’s termination of employment was covered under the wrongful termination and workplace torts with the insurance policy the ownership company had with the New Hampshire Insurance Company. Despite being made aware of a claim being filed by the AHBE LLC., the New Hampshire Insurance Company never confirmed receipt of the claim and has not responded. The lawsuit is seeking a confidential amount from the New Hampshire Insurance Company for the termination of Danny Ferry as well as a 50% penalty for the losses and attorney’s fees.