The Atlanta Hawks has gone to court with details about New Hampshire Insurance for alleged breach of contract. The company had initiated a transaction with the insurance firm and there are claims that were about to be settled, but contrary to the agreement signed earlier, New Hampshire Insurance Company breached the contract. The contract was signed by the former management team of the Atlanta Hawks and among top professionals who oversaw the process is controlling partner Bruce Levenson.
The lawsuit was filed on 13th September in the Superior Court of Fulton. The company is sued for civil action for breaching contract and insurance bad faith. As AHBE describes the process, the company claims the policy was designed to cover employment practices losses like wrongful termination and torts. The court claims that AHBE issued notice on 2nd April, 2015.
According to the current Atlanta Hawks administration, the company has said they are fully aware of the happenings and despite the fact they are tied to it, they are not going to issue comments on the matter since the issue was initiated by a different team.
The confidential documents issued by the court state that the evidence presented is sufficient to qualify for a claim payment from the insurance firm. The refusal of AIG to acknowledge the claim further complicates the situation and gives Atlanta Hawks a better chance to pursue the company in a court of law.
About Bruce Levenson
The former owner of NBA, Forbes billionaire Bruce Levenson is also a renowned philanthropist (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) and a successful businessman. He once served as the Governor of Hawks from 2004 until his exit and he is the brain behind the formation of the United Communications Group (UCG). Born to Jewish parents, Bruce Levenson spent most of his childhood in Chevy Chase, Maryland. He attended the American University and the Washington University for degrees in Law.