Bruce Levenson (http://brucelevenson.com/) owned the NBA’s Atlanta Hawks from 2004 to 2015, recently selling the team to Tony Ressler, Grant Hill, and a group of other owners, reports Forbes.com. But on the heels of this sale, Levenson has become involved in a legal battle with the team’s former insurance company, AIG. Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) decided to buy out former General Manager Danny Ferry’s contract, and during the settlement Ferry filed a claim with AIG Insurance that was to cover losses suffered in such a situation. Even though AHBE asserts that Ferry met the requirements needed to file a claim with AIG, the insurance company has refused to pay any compensation. The issue has been taken to court where Levenson and AHBE will look to sue AIG for damages.
Bruce Levenson owned a major media publication business before he bought the Hawks. He got his bachelor’s degree from Washington University and started his journalism career at the Washington Star. He later started his business, Unified Communications Group (UCG) from his own home and partnered with his friend Ed Peskowitz to run it. UCG began with Levenson’s first newsletter, Oil Express and soon purchased several more covering industries from energy to finance. Levenson is also on the board at private equity firm, BIA Digital Partners.
Bruce Levenson helped start several philanthropic organizations, including the University of Maryland’s Center for Philanthropy and Non-Profit Leadership. He also sat on the board of Hoop Dreams and the “I Have a Dream Foundation.” Levenson has not only donated to the Holocaust Memorial Museum, but has been involved in their programs, including the “Bringing the Lessons Home” program for inner city teenagers to learn about the event and become guides at the museum. Levenson also helped the Anti-Defamation League launch the “Concert Against Hate” to fight against intolerance and bigotry.