Former AHBE Owner Bruce Levenson and the Lawsuit Against AIG

The former General Manager of Atlanta Hawks Basketball and Entertainment LLC Danny Ferry filed an unmet claim in 2015. AHBE was under the impression they were covered for losses due to employee behaviors that led to termination. The insurance company AIG refused to pay covered losses with no justification as to why and were in bad faith. After further investigation, it is evident the losses were indeed covered by the insurance. AHBE chose to file a lawsuit in Septemeber. The lawsuit seeks 50% of loss and attorney’s fees and costs. When this claim was filed, Bruce Levenson was still co-owner of AHBE.

Bruce Levenson is an American businessman, a Forbes listed billionaire, a philanthropist, former co-owner of Atlanta Hawks LLC, and a journalist. The successful 69-year-old co-founded UGC (United Communications Group, http://www.ucg.com/AboutUs/Ownership.aspx) in 1997 with Mr. Ed Peskowitz. Levenson is also the current Director of TechTarget, Inc. He has served on the Board of Directors of The Newsletter and Electronic Publishers Association, and in the past, he wrote for Washington Star and Observer Publishing. He once was the president of “I Have a Dream Foundation.”

Levenson graduated with a B.A. from Washington Universtiy and a J.D. from American University. Currently, Bruce is a partner with GasBuddy, an app that people use to find low-cost gas. He also co-founded DOT, which is a cooking technology that toasts bread in just 3 seconds.

Today, Bruce Levenson and his wife are leading the Center for Philanthropy and Non-Profit Management at the University of Maryland. The program is meant to educate future non-profit leaders, and to make sure the students at the University of Maryland graduate as inspired philanthropist. Currently, the school has started the informed gift giving experience and the Do Good Challange, which attracts hundreds of students each year.