The Atlanta Hawks Basketball and Entertainment Group sold the historic NBA franchise to another consortium headed by Forbes billionaire technology executive Tony Ressler in June 2015; unfortunately for former owner Bruce Levenson an insurance claim has dragged on for more than a year between his consortium and the New Hampshire based insurance giant AIG. Bruce Levenson has employed attorneys in a bid to draw the unfortunate series of events to a close as legal papers filed on his behalf explain the insurance company has so far refused to respond to attempts to discuss the situation.
Since the sale of the Hawks franchise Bruce Levenson has looked to extend his philanthropic work by a great deal, including his continued support for the Center for Philanthropy and Nonprofit Leadership at The University of Maryland he and wife Karen helped establish. The Chevy Chase native has dedicated much of his work to transforming the local community for people in Maryland and Washington D.C.
It seems Bruce Levenson has always been looking to support many different forms of philanthropic groups, including a commitment to the U.S. Holocaust Museum that was made while the UCG founder was still the owner of the Hawks.
The mutual termination of the contract of former Atlanta Hawks General Manager Danny Ferry came after certain claims made by the official triggered the AIG held insurance policy covering workplace actions. Levenson’s lawyers believe AIG agreed the policy had been triggered while the ownership group were still in control of the franchise and are hoping to win all financial payouts owed and a 50 percent penalty made against AIG.