Bruce Levenson and the Former Hawks Management Sue New Hampshire Insurance Company

Atlanta Hawks Basketball and Entertainment LLC (AHBE), the former Hawks Management led by Bruce Levenson, are suing New Hampshire Insurance Company over breach of contract. The AHBE civil action lawsuit claims that the insurer (also called AIG) operated in bad faith in a case involving Danny Ferry – the former Hawks general manager.

AHBE claims that it had taken a policy to cover itself against employment practices’ losses that included wrongful termination as well as workplace torts. The claim arose after Ferry, and the former Hawks management reached a buyout agreement in June 2015 to cut short an $18 million, six-year contract signed in 2012.

AHBE filed court documents that prove that it gave AIG prior notice of the buyout agreement in April 2015. AHBE claims that it believed it was covered under its insurance agreement with AIG but the insurer failed to cover the losses incurred. The New Hawks ownership under Forbes billionaire Tony Ressler is not involved in the lawsuit.

Bruce Levenson

American Businessman and entrepreneur, Bruce Levenson, was born in Washington, D.C., to a Jewish family. He was, however, raised in Chevy Chase, Maryland. After high school, Levenson attended Washington University based in St. Louis and later graduated from American University with a law degree. While still in law school, Levenson worked as a journalist for the Washington Star.

In 1977, Levenson and Ed Peskowitz, his business partner, started United Communications Group (UGC – http://www.ucg.com/AboutUs/Ownership.aspx). The company operates as a portfolio of business information companies. Together, the two business partners grew UGC into a premier privately-held group of business information companies with over two million clients globally. Levenson is also a founding shareholder of TechTarget, a founding partner at DOT, and Bruce Levenson is an active philanthropic who supports endeavors like I Have a Dream Foundation, Do Good Challenge, and the Center for Philanthropy and Nonprofit Leadership.

 

Laidlaw Is In The Spotlight For Not So Great Reasons

In a recent announcement, Relmada Therapeutics Inc. has amended the complaint that it had filed against Laidlaw & Company. The amendment was filed in the Nevada District Court. The amendment is being applied to their lawsuit against Laidlaw that it had filed which covered material related to a breach of duty. The lawsuit claims that confidential information was leaked about the company when it was their investment banker.

Relmada has stated that they are seeking damages and are also requesting fees and costs related to the publication of misleading and false information that was disclosed in December 2015. James Ahern and Michael Eitner are the principals of Laidlaw and Michael Eitner is the CEO of the company. James Ahern is the Managing Partner and Head of Capital Markets. They have propelled the company to a great deal of success in the areas of Alternative Investments as well as wealth management. Laidlaw has been in business for over 170 years and boasts clients worldwide and across a variety of sectors. Despite this long history and great success, it seems as though the leaders of this company have found themselves in quite a predicament.

They have been sued for damages from leaking private information related to Remelda as well as a few other legal issues that are similar to the claim from Remelda. One has to wonder exactly how safe private company information may be in the hands of Laidlaw. It is hard to judge exactly how far the breach of information may have reached but it seems as though Laidlaw is involved a great deal of controversy right now. Expect to hear more regarding their handling of private client information and possibly a settlement.