AIG Sued For Breach Of Contract By Bruce Levenson’s Hawks Consortium

The current ownership of the Atlanta Hawks NBA franchise, headed by billionaire Tony Ressler purchased the team from Bruce Levenson’s consortium who had been in charge of the Georgia based basketball team for over a decade. The sale according to ESPN was announced and confirmed over one year ago, but the Bruce Levenaon headed franchise are still trying to draw to a close the final aspects of their ownership revolving around the mutual termination of the contract of former Hawks General Manager Danny Ferry who had signed a six year $18 million contract in 2012.

Bruce Levenson and his fellow consortium members led the Hawks franchise on a turnaround of the team, which took the historic franchise from last place in the NBA standings to the number one seed in the nation for the playoffs in just a decade. Levenson became well known for the community based work he completed in the NBA community, which reflects his own position as a philanthropist (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) in the Maryland and Washington D.C. community; Bruce Levenson’s work with the The University of Maryland has now taken on a global approach with students from the school backed by the Levenson family taking their not for profit skills to India and areas of Africa.

Bruce Levenson and his fellow consortium members believe AIG have breached the contract signed to protect them from workplace issues and torts, and should have already completed their claim made over the termination of the contract of Danny Ferry. The Levenson family have become major supporters of groups fighting bigotry and racism, and recently acted as joint chair’s for an anti-defamation league fundraiser for the Kennedy Center for the Arts. Bruce and Karen Levenson have also continued to play a major role in the work of the Washington D.C. based U.S. Holocaust Museum they backed financially during construction. For more info, visit brucelevenson.com.