Bruce Levenson’s Sale Of The Atlanta Hawks Brings A Tussle With Their Former Insurance Company

Bruce Levenson is pursuing legal action against AIG, the former insurance company for the NBA’s Atlanta Hawks. This action was taken because AIG refused to honor a claim that former General Manager Danny Ferry filed with them related to a workplace dispute. Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) sold the team back in early 2015 to Tony Ressler’s group, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/, and had opted to buyout Ferry’s contract along with the sale. The claim filed with AIG was within the policy rights for Ferry and AHBE, but AIG has not acknowledged it and now Levenson and AHBE are trying to get the matter settled in court.

Levenson owned the Atlanta Hawks from 2004 to 2015 and for a few years also owned the NHL’s Atlanta Thrashers. But he’s most known for co-founding Unified Communications Group (UCG), a publishing company that he and Ed Peskowitz founded in their own home. Levenson studied journalism at Washington University and became a contributor at the Washington Star while studying law at American University, and in 1977 he decided to pursue journalism full Time when he and Peskowitz started UCG. The company grew from a small publishing operation to a world-renowned company that today specializes not only in industry news distribution, but also in big data research and operations. Levenson also helped start TechTarget and has been on the board at BIA Digital Partners.

Levenson is also known for his philanthropy in the Washington D.C. community. He helped launch Hoop Dreams and has served as president for the “I Have a Dream” Foundation. He also co-founded the University of Maryland’s Center for Philanthropy and Non-Profit Leadership. He’s a donor to the Holocaust Memorial Museum and helped start the “Bringing the Lessons Home” program there. Levenson is also a supporter of Jewish organizations such as Seeds of Peace and Birthright Israel. Check out Bruce Levenson’s full Wikipedia bio for more information.