The former owners of the Atlanta Hawks Basketball and Entertainment LLC. are set to sue AIG insurance company for failing to represent them during negotiations with Ferry’s legal representatives, and for failing to acknowledge that they were covered during the time the claim was brought against them. The lawsuit lists breach of contract, and is aimed at AIG’s failure to acknowledge that they were covered for wrongful termination and workplace torts.
According to the former owners of the Hawks, it was strongly believed they were covered by the insurance company, but AIG refused to represent them as described in their policy. According to papers submitted to the court, “Despite an obligation to pay and acknowledgement that certain of Mr. Ferry’s claims triggered the AIG Policy, as well as the fact that these claims clearly fell within the policy coverage, AIG has failed and refused to pay the covered loss without significant justification in bad faith.”
Bruce Levenson – Former Co-Owner – Atlanta Hawks
Bruce Levenson is the former co-owner of the Atlanta Hawks basketball team. Levenson is also a philanthropist and spends a great deal of his time working with various charities to improve their financial income, and in an effort to help them reach a larger population. Levenson received his law degree from American University.