Danny Ferry’s Contract Termination Battle Continues For Bruce Levenson

The Atlanta Hawks proved that a steady rise through the NBA standings under the leadership of owner Bruce Levenson and General Manager Danny Ferry could lead to success after Levenson’s ownership group led the historic franchise from the bottom of the NBA standings in 2004 to the number one seed by the time the group was sold in 2015. According to Forbes.com, over the course of 2015, prior to the sale of the Hawks franchise for an estimated $850 million the legal team for Bruce Levenson believe Danny Ferry made a series of comments and completed different actions that should have been construed by insurance giant AIG as leading to a constructive dismissal claim.

By September 2016, Bruce Levenson’s legal team were still fighting for the compensation the former owners of the Hawks believe was owed to them after establishing a workplace based insurance policy with AIG; the New Hampshire based insurance giant is reported in court papers to have cut off negotiations following the sale of the Hawks in the Summer of 2015. Court papers filed in September 2016 revealed AIG had already acknowledged the policy held by Bruce Levenson’s group had been triggered by the comments and action of Danny Ferry in the weeks prior to the sale of the franchise.

In 1977 Bruce Levenson was working as a journalist when he came together with business partner Ed Peskowitz to start an oil industry newsletter that would expand to become the globally recognized United Communications Group; UCG has become a major part of the technology landscape in creating a real time series of technologies that provide updated information throughout the world. Through the success of his work, Bruce Levenson has become a major philanthropist (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) who recently chaired a ball held by the Kennedy Center for the Arts to benefit the Anti-Defamation League.

 

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