The Atlanta Hawks Basketball and Entertainment LLC (AHBE) have taken up a legal matter at the Superior Court of Fulton County in September. The AHBE group is making the accusation that an insurance company, New Hampshire Insurance Company, is refusing to follow the rules of an insurance contract and honor settlements made by the basketball organization. At the time, AHBE was under the control of Bruce Levenson, and this lawsuit does not include references to the new ownership group. In fact, the current group makes the assertion that the lawsuit is between two parties that no longer have any affiliation with the AHBE.
According to the court files, Danny Ferry, the former general manager of the Atlanta Hawks Basketball and Entertainment LLC (AHBE), filed claims with the insurance company to cover losses regarding certain employment practices, like ‘Wrongful Termination’ and ‘Workplace Torts.’ Unfortunately, there are no exact numbers listed in the court documents listed any particular monetary amount being requested by the previous AHBE ownership group; it does, however, state that the lawsuit, and those behind it, are wanting to obtain an extra 50 percent of the unpaid losses, including attorney and court costs.
He does not, in fact, have an current ties with the Atlanta Hawks Basketball and Entertainment LLC (AHBE) when it comes to this lawsuit. This is because Mr. Bruce Levenson sold off the basketball team to a group led by the current principle owner, Tony Ressler. The team sold for stunning $730 million; although, Levenson had been seeking around a billion dollars for the team. Regardless, the Atlanta Hawks sold very well for the previous ownership group due to an increased value in the National Basketball Leagues. They made a tidy profit; now the group just needs to finish up this lawsuit to finish their business and legal dealings as the AHBE.
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