Posts in Category: NBA Team Owners

Bruce Levenson Still Settling The Danny Ferry Case With AIG

Bruce Levenson is a sports enthusiast who has both owned an NBA team (see, http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks) and played basketball as a recreational hobby. He was the majority owner of the Atlanta Hawks from 2004 to 2015 before he sold them to Tony Ressler’s group, but he’s still trying to reach a settlement with former General Manager Danny Ferry and the team’s former insurance company. Ferry had filed a claim with AIG Insurance regarding termination of employment when Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) had opted to buy out his contract just before the sale. While Ferry’s attorneys maintain that the claim had to be played based on the current policy AHBE had with AIG, AIG has not acknowledged the filing of the claim. Levenson and AHBE are now taking AIG to court to sue for insurance bad faith.

Levenson is the owner of Unified Communications Group (UCG), a company he co-founded with Ed Peskowitz. He started a career in journalism after graduating from Washington University in St. Louis, and then wrote columns at the Washington Star. He and Peskowitz started UCG in 1977 when they published their first newsletter, Oil Express. UCG soon published other newsletters and soon became one of the largest industry news conglomerates in the world. Levenson also helped found TechTarget and BIA Digital Partners.

Bruce Levenson is also a philanthropist who supports various Jewish non-profit groups including SEED Foundation, BBYO and Seeds of Peace. He’s also a donor and active member of the Holocaust Memorial Museum where he helped start the “Bringing the Lessons Home” program for young people to learn in-depth about the Holocaust and later become tour guides at the museum. He also has helped inner city young people attain scholarships through his Hoop Dreams and “I Have a Dream” foundations. He also was recently Chairman of the Board of Concert Against Hate.

For more info, visit Bruce Levenson’s personal website (@ brucelevenson.com) and Wikipedia page.