The sale of the Atlanta Hawks by the consortium headed by Bruce Levenson to the current ownership group headed by billionaire Tony Ressler was completed in June 2015, but the members of the Atlanta Hawks Basketball & Entertainment LLC consortium are still trying to bring the details of their ownership to a close. One of the major issues Bruce Levenson and his group are trying to bring to a close is the constructive dismissal insurance claim the consortium made with AIG over the mutual termination of the $18 million contract of Hawks General Manager Danny Ferry.
Bruce Levenson has brought the case against AIG in a Fulton County Court after failing to have any response from the insurance company despite the assembled legal team stating the policy was triggered during the last months of Ferry’s employment with the NBA franchise. Ferry reached a deal to mutually terminate his contract with Bruce Levenson’s group just two days before the June 2015 sale of the Hawks, but AIG had already been notified of the possible problems caused by comments made by Ferry as early as April 2015 in preparation for a possible insurance claim being made.
The sale of the Atlanta Hawks franchise by Bruce Levenson’s consortium did not bring a close to the career of the founder of the United Communications group; instead, Levenson has thrown himself into the philanthropic work he has always held dear throughout his time with the Atlanta Hawks and ever since.
One of the major causes Bruce Levenson has somehow found the time to work on is his backing of a philanthropy based series of courses offered at the University of Maryland. The success of the undergraduate and graduate courses has seen the school take a global approach to philanthropy (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) leading students to spend time in India and the developing world with the backing of Bruce Levenson and his wife, Karen.