Bruce Levenson recently sold his shares of the Atlanta Hawks franchise to Tony Ressler and company after owning them for 12 years. According to Forbes.com, in the midst of this sale, Levenson and Atlanta Hawks Basketball & Entertainment chose not to retain General Manager Danny Ferry, and as a result he filed a claim with the AHBE’s insurance company. The insurance company has not paid any amount to Ferry thus far despite AHBE’s attorneys stating that the insurance company was obligated to play the claim due to Ferry meeting the policy regulations. Levenson and AHBE have decided to take the insurance company to court to sue for damages.
Levenson is a longtime businessman with a background in journalism. He got a degree in the field from Washington University and for a few years contributed at the Washington Star. He also has a J.D. from American University but has never practiced law. Levenson and his friend Ed Peskowitz started a company out of Levenson’s own home, and it became known as Unified Communications Group (UCG), a company that’s spread its influence all around the globe. UCG publishes newsletters of various industries and is also the parent company to GasBuddy, an app designed to help drivers locate cheap fuel prices. Levenson is also on the Board of Directors at TechTarget and BIA Digital Partners.
Levenson is the founder of several philanthropy groups (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) in Washington D.C. including Hoop Dreams, a youth basketball association that hosts tournaments in the D.C. area, and “I Have a Dream” Foundation which helps raise scholarship funds for inner city children to attend university. Levenson is also a supporter of the Holocaust Memorial Museum in large part due to his family history, and he helped launch the “Bringing the Lessons Home” program. He’s also a member of the SEED Foundation and Birthright Israel.