Bruce Levenson was a major figure in Atlanta for many years. He helped build the Hawks into a power in the Eastern Conference and he was always willing to help local businesses and charities. Recently, Bruce gave up ownership of the Hawks and he faded from the Atlanta news. Now, Bruce is back in the news with a major lawsuit in the works.
The Atlanta Hawks Basketball and Entertainment LLC is the company that once owned the Hawks and is headed up by UCG founder Bruce Levenson. The firm is slowly shutting down as it no longer serves a purpose, but they have now filed suit against an insurance company because they breached a contract involving Danny Ferry, former general manager of the Hawks.
Levenson’s company bought insurance from New Hampshire Insurance Company for several aspects of the business including wrongful termination suits. Danny Ferry was fired by the Hawks and filed a claim to receive payment, but no payment has been issued. The insurance company has failed. Levenson is hoping to get the company to admit fault and make a payment quickly so that he can move on to other things.
Since Forbes billionaire Bruce Levenson stopped owning the Hawks he has had time to focus on other things like his philanthropies. Bruce is giving generously to the I Have a Dream Foundation in his hometown of Washington, D.C. This foundation focuses on helping low-income students achieve their financial dreams. Bruce also gives generously to the Holocaust Museum and he even helped start a program that encourages schools to go on tours of the Holocaust museum. He strongly believes that remembering the past is the key to a brighter future. Bruce plans to keep giving generously for years to come.
Bruce no longer owns the Atlanta Hawks, but he is still helping people throughout the world.