After selling the team just this last year, Bruce Levenson’s tenure as Atlanta Hawks owner is over, but it seems the businessman and philanthropist is not yet done making news in the Atlanta Journal-Constitution. Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) are taking their former insurance company, AIG to court for failure to pay out a claim they filed after the sale went through. The claim was related to a contract buyout AHBE wanted to make for former team General Manager Danny Ferry’s contract, and according to Levenson and AHBE they were within their agreement to do so. AIG has not honored this claim, and Levenson and AHBE plan to sue them for failure to do so, and for additional damages.
Bruce Levenson owned the Atlanta Hawks from 2004, when he bought the team along with AHBE, till 2015 (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) when he elected to sell them to Tony Ressler. Levenson has also had an impressive resume as a businessman, co-founding a major journalism outlet called Unified Communications Group. Levenson actually started it within his own home along with his friend Ed Peskowitz, and the company originally focused on oil industry news, but then grew to becoming a source for mortgage banking, technology developments, and also healthcare and education. It’s also the parent company of Technology research firm, TechTarget and the developer of the GasBuddy app.
Time Magazine‘s Levenson is also active in several Jewish foundations including Seeds of Peace, BBYO, and Birthright Israel. He has been instrumental in starting programs at the Holocaust Memorial Museum in Washington D.C., and even took the Hawks’ basketball team there in 2014 where his mother-in-law gave her account of her survival of the event. He also has helped young people from the inner city achieve higher education through scholarship programs provided by Hoop Dreams, and the I Have a Dream Foundation.