Former Hawks ownership sues insurance company over Ferry settlement

The Atlanta Entertainment and Hawks Basketball team, under the leadership of the former NBA franchise ownership group, has an underway litigation against the Hampshire Assurance Company. For the company, they issued the lawsuit for failure to cover them for the specific insurance policies in issue. According to them, it was a matter about contract breach involving the Hampshire Insurance Company over the claims made by Dan Ferry, the former general manager. The former Hawks ownership company was also thrilled to include the former ownership partner Bruce Levenson. According to a statement made by the litigation, the lawsuit had no involvement with the current management of the company.

The litigation was filed in the Superior Court of Fulton County in September. This was a lawsuit against the Hampshire Insurance Company. According to the documents presented in court, it was a civil litigation that was a sign of bad insurance faith and contract breach by the insurance company based in the Atlanta, United States. The former managing company of the Hawks is claiming that the insurance company had them insured for certain losses which they failed to reimburse their claims. For this reason, they are deeming Hampshire as the best source of policies. The employment practices covered by the company: Workplace Torts and Wrongful Termination under certain acts of termination policies. According to the documents presented in court, AHBE has given notice to the company to claim the certain notices in the statements.

According to a report presented to them by the current management of the company, they are aware of the current complaint that Time. For this reason, they have worked to stay away from the company through their management policies. According to the confidential sources, they acclaims are confidential. The insurance policy was stated in a way to make the policies made manifest on a weekly basis. Information on this article can be sourced from wikipedia.org.

Read More: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/

Former NBA ownership group sues insurance company over breach of contract

The former Atlanta Hawks Basketball and Entertainment LLC group filed a lawsuit against New Hampshire insurance company over Ferry settlement. The lawsuit involves the resolution of various claims and allegations pointed out by the former General Manager Danny Ferry as a breach of contract.

The former ownership group involved controlling partner Bruce Levenson. Nevertheless, the filed complaint does not include Tony Ressler who is the current owner and major principal of Hawks.

The lawsuit was filed on 13 Aug; against the insurance company is a civil process for breach of contract and insurance bad faith. The former Hawks ownership group claims to have been insured under a particular practice that covered various work related losses concerns including, but not limited to, specific practices of wrongful termination and workplace Torts. ABHE claims to have given notice to the insurance company stating that claims asserted by Ferry were covered in the policy.

On June 22, 2015, Hawks ownership and Danny Ferry arrived at a concealed agreement ending a six-year relationship. Exactly two days later Tony Ressler purchased the franchise. See,http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/.

The current ownership group of Hawks clearly stated that they do not have any ties with Atlanta Hawks organization.

In accordance to the court document, the lawsuit indicates that the amount of the confidential limits of the liability of the rule is enough to serve AHBEs claim. The order states the AIG failed to acknowledge that a complaint was made and also the AIG neglected to recognize that the policy was triggered. Hence, the order claims a breach of contract since the insurance company failed to pay for settlement agreed under the policy.

Time Magazine‘s Bruce Levenson is a prominent entrepreneur, a founder of various organizations and also a philanthropist. Bruce attended Washington University and later graduated from American University. Bruce is a co-owner of Atlanta Hawks LLC; Atlanta Hawks owns Philip Arena and Atlanta Hawks. Levenson is also a board member of the various companies including Tech Target. For more info about Mr. Levenson’s philanthropic work, visit prnewswire.com.