Bruce Levenson and Atlanta Hawks Basketball & Entertainment want to take AIG, their former insurance company to court over failure to pay compensation relating to losses in the sale of the team. Levenson owned the majority of shares of the Atlanta Hawks for about 12 years, but decided to sell them in 2015 (read on Forbes.com) to Tony Ressler and Co. The sale of the team went through, but Levenson and AHBE also decided to buyout the contract of former General Manager Danny Ferry. AHBE claims that they were entitled to file a claim with AIG under the circumstance, but AIG is not giving out any payments for that claim according to the Atlanta Journal-Constitution. Levenson and AHBE are determined to resolve this issue and have filed a lawsuit against AIG for bad faith and for court costs.
Bruce Levenson got into the journalism profession after graduating Washington University, and started out at the Washington Star while attending law school. In 1977, he and his friend, Ed Peskowitz decided to start their own journalism company, and began it with the Oil Express newsletter. Soon, it grew into a major media outlet with publications covering a wide range of industries from energy, technology and even mortgage banking. This company became Unified Communications Group (UCG), and later on became the founders of TechTarget and GasBuddy.
In addition to founding UCG (http://www.ucg.com/AboutUs/Ownership.aspx), Bruce Levenson also became active in several philanthropies. He’s helped raise scholarship funds for inner city children through events such as Hoop Dreams, and the I Have a Dream Foundation. He’s also helped educate them at the Holocaust Memorial Museum where he helped launch the “Bringing the Lessons Home” program for them to learn about the event, and later become tour guides at the museum. Levenson also helped the Anti-Defamation League host the Concert Against Hate event to fight against bigotry and intolerance.