Bruce Levenson’s Company Files Complaint Against AIG Insurance

In a recent article by the Atlanta, Georgia, news source AJC, the former owner of the Atlanta Hawks, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/, Bruce Levenson has filed a complaint against the New Hampshire Insurance Company (also known as AIG). For those who are not familiar with Bruce Levenson, he partly owned the Atlanta Hawks basketball team from 2004 to 2014. Levenson co-founded UCG (United Communications Group) with Ed Peskowitz in 1977 in Levenson’s apartment in Maryland. The company is an information group specializing in data and news for healthcare, energy, mortgage banking, telecommunications and technology.

Bruce Levenson is an active philanthropist. According to an article on PR News, he participates in various groups like Hoop Dreams Foundation and the Community Foundation of Washington, D.C. Leveson is also a founding donor of the US Holocaust Museum. The donation was inspired by his mother, who survived the Holocaust. He also supports other Jewish causes.

In the article by AJC, the lawsuit filed against the New Hampshire Insurance Company involves a breach of contract involving settlement claims made by Danny Ferry, the former general manager of the Hawks. The lawsuit began because the New Hampshire Insurance Company refuses to acknowledge the claim made by Danny Ferry and refuses to acknowledge the insurance policy that was triggered by these claims. The insurance company refuses to pay Bruce Levenson’s group. The suit against the insurance company is also asking for a fifty percent penalty fee and for the insurance company to pay for attorney fees.

Source: Wikipedia.org

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