The Atlanta Hawks Basketball and Entertainment LLC is filing a lawsuit against the New Hampshire Insurance Company over an alleged breach of contract. At the front of the lawsuit is Bruce Levenson, who was the former owner of the Atlanta Hawks and Atlanta Thrashers. Mr. Levenson was the UCG founder and the major stake holder in the Atlanta Hawks Basketball and Entertainment LLC. The group controlled the Hawks team, the Atlanta Thrashers and the Gillete Stadium, which is where the Hawks play their games.
The amount of restitution the ownership group is claiming is confidential and not revealed. It does say that the confidential amount requested by the group is more than enough to cover the loss the ownership group incurred when Danny Ferry’s contract had to be terminated in order to transfer ownership to a new owner.
AIG, which is the parent company of the New Hampshire Insurance Company, has not responded to any claims filed by the Atlanta Hawks Basketball and Entertainment LLC. Despite a prompt claim and constant contact throughout the Danny Ferry incident, AIG has remained uncooperative. Thus, the AHBE has filed a lawsuit in Fulton County Court to force AIG to provide compensation under its insurance policy that it had with the AHBE.
In a report by Forbes, the lawsuit claims that AIG is committing bad faith of insurance. The Atlanta Hawks Basketball and Entertainment LLC had an insurance plan which covered employment and workplace laws and wrongful termination. Danny Ferry was fired after an incident which he later was cleared of all charges. AIG which was supposed to compensate the Atlanta Hawks Basketball and Entertainment LLC. for the wrongful termination of Ferry and the subsequent buyout never did. This is why they are being sued by Bruce Levenson and the AHBE LLC. group.