Though Bruce Levenson is no longer the owner of the Atlanta Hawks, he remains in the spotlight of the Atlanta Hawk franchise. A lawsuit was recently filed by the owners of the Hawks during the administration of Bruce Levenson.
The lawsuit filed by the previous Atlanta Hawk owners is against the New Hampshire Insurance Company. The company that previously owned the Atlanta Hawks were customers of the New Hampshire Insurance Company. The two entities had a good and long lasting relationship.
However, Bruce Levenson(http://brucelevenson.com/) and the previous owners put forth a claim for insurance coverage on certain team situations. The situations that occurred within the team were things like termination on false grounds, certain trade deals, and daily issues at the workplace. The claim put in by Bruce Levenson and his team was never answered. Levenson and his associates assumed the claim was just taking longer than normal. However, they were then formally informed that they were not covered for termination on false grounds, certain trade deals, or even daily issues at the workplace.
Bruce Levenson and his associates could not believe the report from the New Hampshire Insurance Company, especially with all the monthly payments made by the Atlanta Hawks ownership. At this Time, Bruce Levenson and his associates decided to file a lawsuit. They then agreed to sell the Hawks; this way they do not get any of the players involved in the lawsuit.
Bruce Levenson, nor his associates or legal team, has released the amount of money that is being asked for in the lawsuit. Though the lawsuit is indeed a civil matter, the attorneys for both parties agreed to keep the case sealed; this is mainly due to all the sensitive information contained within the case. Some skeptics believe Levenson is going to ask for a full reimbursement of all funds. Other skeptics say Levenson is going to ask for several million dollars. However, nothing has been released as of yet.
Bruce Levenson was the owner of the Atlanta Hawks for several years, but sold them in 2012. Levenson was not just the man who singed the paychecks. Levenson made sure the team was legit and strong. That is why the Hawks made it to the playoffs every year while Levenson was the owner.
Bruce Levenson is a legit businessman with a great education. He has owned several different organizations throughout the course of his life. Levenson also known how to handle big contracts that stretch to billions of dollars.
For more info, check out Bruce Levenson’s Wikipedia page.