Category Archives: NBA Story

Former Hawks ownership sues insurance company over Ferry settlement

The Atlanta Entertainment and Hawks Basketball team, under the leadership of the former NBA franchise ownership group, has an underway litigation against the Hampshire Assurance Company. For the company, they issued the lawsuit for failure to cover them for the specific insurance policies in issue. According to ESPN‘s report, it was a matter about contract breach involving the Hampshire Insurance Company over the claims made by Dan Ferry, the former general manager. The former Hawks ownership company was also thrilled to include the former ownership partner Bruce Levenson. According to a statement made by the litigation, the lawsuit had no involvement with the current management of the company.

The litigation was filed in the Superior Court of Fulton County in September. This was a lawsuit against the Hampshire Insurance Company. According to the documents presented in court, it was a civil litigation that was a sign of bad insurance faith and contract breach by the insurance company based in the Atlanta, United States. The former managing company of the Hawks is claiming that the insurance company had them insured for certain losses which they failed to reimburse their claims. For this reason, they are deeming Hampshire as the best source of policies. The employment practices covered by the company Workplace Torts and Wrongful Termination under certain acts of termination policies. According to the documents presented in court, AHBE has given notice to the company to claim the certain notices in the statements.

According to a report by PR News, they are aware of the current complaint. For this reason, they have worked to stay away from the company through their management policies. According to the confidential sources, they acclaims are confidential. The insurance policy was stated in a way to make the policies made manifest on a weekly basis.

Hawks Sale: http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/