Bruce Levenson is in the midst of a legal battle with AIG, the former insurance provider for the Atlanta Hawks’ ownership. Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) had sold the team back in 2015 according to Forbes Magazine to Tony Ressler, and not long before the sale they decided to buyout then General Manager Danny Ferry’s contract. Ferry hadn’t been happy with all the terms of the deal and he decided to file a claim with AIG that according to his attorneys, was within his right to do. AIG has denied payouts to all parties involved in the matter, and now Levenson and AHBE are in court filing a lawsuit against AIG.
Levenson(http://brucelevenson.com/) bought the Atlanta Hawks in 2004 and owned the team for nearly 12 years. But he’s also been the longtime Chairman of United Communications Group (UCG), a publication and big data company that he co-founded along with Ed Peskowitz. Levenson has a bachelor’s degree in journalism from Washington University and a master’s in law from American University. He started off as an editor for the Washington Star, then decided to start his own publications business right from his own home. He and Peskowitz grew the company that became UCG into a major international company, and several subsidiaries that spun off of the company include TechTarget and GasBuddy.
Levenson has helped young inner city people through his philanthropy work, and that includes raising scholarship funds through Hoop Dreams and the “I Have a Dream” Foundation. Levenson has also been involved with the Holocaust Memorial Museum and helped start the “Bringing the Lessons Home” program for young people. He also took the Atlanta Hawks basketball team there in 2014 to relive the event and hear his mother-in-law’s story of survival. Levenson also started the Center for Philanthropy and Non-Profit Leadership at the University of Maryland.