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Danny Ferry Contract Issues Prompts Bruce Levenson To Take Court Action

Home | NBA Team Owner | Danny Ferry Contract Issues Prompts Bruce Levenson To Take Court Action

The career of Bruce Levenson has taken many twists and turns, but few of these have been as difficult as the insurance claim made by the Atlanta Hawks Basketball & Entertainment consortium with AIG. The claim stems from the mutual termination of the contract of former Hawks General Manager Danny Ferry who was seen by members of the former Hawks ownership as making comments and completing actions they saw as constructive dismissal; early negotiations with AIG should have resulted in a payment made against the workplace policy held with by the insurance giant that have not happened since the sale of the Hawks to Forbes billionaire Tony Ressler’s consortium.

A statement from the current ownership of the Atlanta Hawks acknowledged the case that will be heard in the Superior Court of Fulton County but made it clear the insurance claim is the responsibility of Levenson’s consortium. Bruce Levenson’s ownership group appointed Danny Ferry as General Manager in 2012 with a six year $18 million contract; in the buildup to the sale of the franchise in June 2015 Ferry agreed to terminate his contract to leave the way clear for the new owners to install their own front office staff. Bruce Levenson’s legal team believe workplace torts questions will show a financial settlement should have been reached with AIG without the prolonged period of uncertainty that has lasted over a year.

Bruce Levenson has mastered a number of industries and been honored by his peers along the way as his UCG company as evolved since its founding in the 1970s. Levenson has served on a number of industrial organizations, including the Newsletter and Electronic Publishers Association; both Bruce Levenson and his business partner Ed Peskoqitz have been inducted into the Hall of Fame of the Software and Information Industry Association for their work that now spans four decades.

SOURCE: https://en.wikipedia.org/wiki/Bruce_Levenson

 

BRUCE LEVENSON

Home | NBA Team Owner | BRUCE LEVENSON

Mr. Bruce Levenson most famously known as the former NBA owner or to his nuclear family as a husband and father of these. Mr. Levenson is an American icon putting into great regard his lengthy achievements in his founding, ownership and co-ownership in different major domains of practice. His contributions to his and the American community at large are quite remarkable ranging from his developments to his charity work throughout his lifetime.

Mr. Bruce Levenson who is a law graduate from the American University after attending the Washington University in St Louis. Mr. Levenson also had an interest in journalism which directed him to partially pursue a journalism career by writing for the Washington Star and Observer Publishing.

His career elevated when Mr. Levenson co-founded the United Communications Group alongside Ed Peskowitz in 1977. The company better known with its abbreviation UCG initially entailed a focus on the developments of the oil industry, which it used to launch databases that included oil price information. It is now a privately owned business information company that specializes in data, news and analysis for healthcare, banking, mortgage and technology among other industries. A company formed in Mr. Levenson’s apartment by both these individuals by publishing newsletters. Still after twenty seven years as co-founder and partner in ownership, Mr. Levenson has been consistent in the company’s business as well as assisting in its acquisition efforts.

Continuing in his trail of achievements with his partner alongside him Mr. Levenson and Ed Peskowitz are major partners in the ownership of Atlanta Spirit LLC now known to be the Atlanta Hawks LLC. Levenson and his partner purchased the professional basketball team together with some business men. Mr. Levenson also partners with Danny Ferry a former player of the Cleveland Cavaliers of whom he appointed as the teams head manager. Being still on the sports domain Mr. Levenson is a member of the NBA board of governors, a well-known skill of his being that he has also served as board of directors for the Newsletter and Electronic Publishers Association.

Forbes billionaire Mr. Levenson is also well known for his charitable deeds as a philanthropist giving back to society in more ways than one. Mr. Levenson has actively participated in a number of philanthropic organizations such as the Community Foundation Organization of Washington, Hoop Dream Foundation and not to forget his donation in the U.S Holocaust Museum, which also has a museums teaching program funded by Mr. Levenson himself. His most famously known philanthropic work howey is his I have a dream Foundation of Washington which he is the president of. The organization specializes in helping children raised in low income families acquire higher education. This are just the most talked about philanthropic activities by Mr. Levenson given that they cannot all be fitted into a single read.