Atlanta Hawks Reportedly File Claim Against AIG

A few years ago, one of the most high-profile stories in professional sports occurred when a front office member of the Atlanta Hawks made insensitive comments and was ultimately removed from his position by the team. Prior to him leaving the team, the Hawks had to buy the employee out of an expensive 5 year, $18 million contract.

The owner of the Hawks, Bruce Levenson, ended up selling the team to Tony Ressler according to Forbes.com, just a few days after the firing took place, but a civil case involving the situation is still ongoing. Earlier this month, the former LLC that owned the Atlanta Hawks filed a civil lawsuit agains the insurance giant AIG. The lawsuit was for breach of contract that claimed that AIG has not provided insurance coverage that was promised in the insurance policy.

The insurance policy reportedly provided the Hawks with a variety of levels of coverage, including wrongful termination coverage. The team is now claiming that the firing of the employee and ultimate payout should be covered by the insurance policy. The amount of the insurance claim has not been made public and AIG has not acknowledged the claim in any way or even confirmed that the suit is active.

Bruce Levenson owned the Atlanta Hawks from 2004 until 2014. He previously purchased the team from Ted Turner, one of the most successful businessmen in the world. Prior to buying the Hawks, Levenson built his personal wealth through the founding and development of the United Communications Group, which he co-founded in 1977 and grew to be one of the largest communications companies in the world. He is also the advisor and board member for a variety of small businesses, investment firms, and charitable causes.

Read More; http://time.com/3296175/bruce-levenson-atlanta-hawks-racist-email-kareem-abdul-jabbar/

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