Bruce Levenson and the Atlanta Hawks Basketball & Entertainment organization sold off their shares of the franchise back in 2015, a deal that gained them quite a profit when all was said and done. But in the aftermath, Levenson and AHBE found themselves in a battle with their former insurance company, AIG regarding a contract buyout. When the team was sold, AHBE opted to buy out general manager Danny Ferry’s contract, and under certain titles in AIG’s policy, AHBE was allowed to file a claim for losses in that situation. But so far AIG has not paid them a single cent. AHBE promises to take as long as it they need to make their case in court that they had the right to the claim.
Bruce Levenson started out as a journalist and an entrepreneur prior to buying the Atlanta Hawks in 2004. He got his education at Washington University, and later American University where he went to study law. He never practiced law but instead followed his interests in journalism. Along with his friend Ed Peskowitz, Levenson published Oil Express, a newsletter that would be the start of Unified Communications Group (UCG). UCG published a variety of newsletters on various industries, and later started up the GasBuddy app.
Levenson is active in the Jewish Community, and groups he has been involved with include the Jewish Federation, the SEED Foundation, and Birthright Israel. He was one of a group of people who asked Prime Minister Benjamin Netanyahu to collaborate with US Secretary of State John Kerry in a peace initiative that would enhance the country’s security. According to Time.com, Levenson also is a major contributor to the Holocaust Museum in Washington DC, a cause that hits close to home because of his family heritage. He also chaired Hoop Dreams and the University of Maryland’s Center for Philanthropy and Nonprofit Leadership.