Bruce Levenson was a part of some big NBA battles as owner of the Atlanta Hawks, and now he’s fighting a big one himself in court. He, along with Atlanta Hawks Basketball & Entertainment are suing their former insurance company, AIG for bad faith in honoring an insurance claim. Levenson and AHBE had sold (see, http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) the Atlanta Hawks shares last year to Tony Ressler and company, and AHBE filed a claim with AIG regarding paying out the remainder of then General Manager Danny Ferry’s contract. That case has been ongoing, and AIG refused to offer any payouts, so Levenson and AHBE want damage relief and payment for court costs.
Bruce Levenson purchased the Atlanta Hawks in 2004, a deal that included their current arena and also included a large steak in the NHL’s Atlanta Thrashers. Prior to owning the Hawks, Levenson founded several businesses and has been a chairman on several non-profit groups. In 1977 after graduating from Washington University, Levenson and his friend Ed Peskowitz started a publication business originating with Oil Express, a newsletter about oil industry trends. According to Time.com, that soon led to other industry newsletters, and they became the owners of Unified Communications Group. This company started up TechTarget some years later, and also owns the renowned gas price app, GasBuddy.
As a philanthropist, Levenson supports many educational and fine arts endeavors. He’s helped raise scholarship funds for inner city children through organizations like Hoop Dreams Foundation. He’s given young people a chance to learn the lessons of the Holocaust at the museum in Washington through the “Bringing the Lessons Home” program he sponsors there. Levenson also supports pro-Israel activists such as the SEED Foundation, Birthright Israel and BBYO. He’s campaigned against hate speech and bigotry and helped the Anti-Defamation League run the Concert Against Hate event this last year. Read more about Levenson’s philanthropic works on prnewswire.com.