AHBE vs. AIG Insurance

The most important thing to understand about this lawsuit is the man that AHBE put in charge of handling this particular affair, Bruce Levenson. Bruce was born in Washington, D.C., but he grew up in Chevy Chase, Maryland. What may seem like a humble beginning was, in actuality, a grand head start which would inevitably propel Bruce into greatness. After graduating from Washington University and American University, where he was a journalist for the Washington Star, he began exploring the world financial law. What BruceLevenson is most known for is being a former owner of Atlanta Hawks LLC, which owns both the Atlanta Hawks basketball team and the home arena they play in the Philips Arena.

Bruce Levenson is an active philanthropist. A more detailed article about his charity work can be found on prnewswire.com.

The lawsuit between the former Atlanta Hawks owners, AHBE, and their insurance company, described as AIG, claims that there has been a breach of contract on the part of AIG insurance. The lawsuit concerns the former owners of the Atlanta Hawks, not the current owners. AHBE’s side of the story claims that their policy insured them for certain losses related to employment practices. Employment practices could include anything from “wrongful termination” to “workplace torts.” AHBE has provided documented evidence that shows Danny Ferry, a representative of AIG, came to an undisclosed agreement with AHBE on June 22, 2015.

As for AIG’s side of the ESPN covered story, they have yet to give a statement or provide any documents to support their decision to not payout to AHBE. According to the court, AIG refuses even to acknowledge that a claim was made or that any policy was triggered. AIG has also refused to participate in any defense as to why they still won’t accept coverage. It is everyone’s opinion that AIG has no basis to continue denying AHBE their claim.

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

 

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