The New Hampshire Insurance company has found itself in the midst of controversy resulting from a lawsuit by former Hawks Ownership. The lawsuit is about breach of contract, which Hawks alleges occurred when claims made by the former general manager Danny Ferry were being settled. The lawsuit also included the former owner of the AHBE group, Bruce Levenson. However, the current ownership of the company was not part of the lawsuit.
The lawsuit was filed in the superior court of Fulton County on the 13th of September this year. The lawsuit is a civil action for the stated breach of contract, and also insurance bad faith. The former Hawks ownership states that when the insurance deal was made and they started paying the premiums, they were under the impression that they would be covered for all employment related malpractices. These would include certain work place torts and wrongful termination. The company had given a notice to the insurer that there were claims against Ferry that had been made, but hadn’t been covered.
The entire process was set in motion when the company reached an agreement to sell the team in June 2015. This is what led to the end of the $18million six year contracts between the AHBE group and the insurer. After the agreement, the team was sold to the current owner, Forbes billionaire Tony Ressler. When the current management of the team was reached for a comment on the lawsuit, they stated that they were aware about the lawsuit and also that the case going on had no connection to the company and its current management. They declined making further comments on the case.
The lawyers taking part in the suit state that AIG group has refused to deal with the claims that so obviously fell within the terms described in the contract. Bruce was at the helm of AHBE from 2011 to 2015. He is also co-founder at the UGC group.TrinaS on .