The New Hampshire Insurance Company is facing a lawsuit which was filed against it by the Atlanta Hawks Basketball and Entertainment LLC (AHBE). According to the Atlanta Hawks Basketball and Entertainment LLC, the insurance company has failed to honor a contract. This lawsuit, however, involved the previous ownership of AHBE. According to Time Magazine, Bruce Levenson is among those who are involved because he was under the previous management. The current group is under the leadership of Tony Ressler.
According to AHBE, the insurance cover from the New Hampshire Insurance Company covered the employees against some practices. These include wrongful termination among several others. The previous management gave notice to the insurance company, but nothing has been done about it.
The change in the management at AHBE resulted from a buyout. The owners had been partners since 2012 before they acquired the franchise. The current spokesperson of AHBE said that since the lawsuit did not involve the current management, they were not in a position to speak about it.
The previous management said that the lawsuit against the New Hampshire Insurance Company was their last option. The insurance company failed to act on the claims and did not even acknowledge that the claims were made. The insurance company ought to have covered the loss incurred by Ferry and his team. If they win, the insurance company will not only pay the claims but also all the fees incurred during the lawsuit.
Bruce Levenson had been among the owners of AHBE since 1997. During the sale of the AHBE Levenson and his group is said to have made a lot of profit, read: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/. He is involved in several other companies where he holds executive positions. These companies include the United Communications Group and TechTarget among others. Bruce graduated from Washington University with a Bachelor of Arts Degree.