The Entertainment LLC and The Atlantic Hawks Basksetball as well as NBA franchise has decided to file a lawsuit. The New Hampshire Insurance Company is being filed with a lawsuit for breach of contract. The lawsuit against this insurance company was filed on Septemeber 13th. The lawsuit addressed this insurance company breaching the contract and liability coverage.
The former Hawks ownership is claiming that it had coverage with the insurance. Hawks ownership is claiming that it should be insured for many losses that are and were related to employment. Also, the coverage should extend for “Workplace Torts” and “Wrongful Termination.” The former ownership for the Hawks reported that notice had been given to the insurance company regarding the coverage on April 2,2015. According to ESPN, a buyout settlement had been made on June 22, 2015. Two years later a Ressler managed franchise group happened.
The spokesperson for the current Hawks ownership stated that the existing complaint has been made aware of. However, the current Hawks ownership stated that prior parties are no longer connected to Atlantic Hawks. Therefore, there will be no comment on the matter from prior parties. The lawsuit indicates that liability of the insurance coverage is to be brought up and play a significant aspect of this settlement. Also, the lawsuit is indicating that the insurance is refusing to accept coverage owed.
Bruce Levenson is a respected businessman and former co-owner of Atlantic Hawks LLC. Bruce Levenson has also been on NBA Board of Governors since the year 2004. He has contributed many donations towards many charitable organizations. Bruce Levenson also has donated towards the U.S Holocaust Museum. He has continued to show great determination, knowledge, strategic thinking, and dedication throughout his career. Read more about him on Wikipedia.org.
In conclusion, many are in hope that justice will be served by the time settlement is done.