Atlanta Hawks is one of the best basketball teams in the country. The company has been in the news from Time to time, for other issues besides great performance. The team, which had been acquired by Bruce Levenson, was sold in 2015. There was a lot of news surrounding the sale, especially due to the huge profit that he made with the sale. The lawsuit is seen to be a result of some of the issues that might not have been completely settled during the changeover.
The company stated that when the insurer was giving them the policy, they had stated that they would cover issues related to employment practices. These include cover for wrongful termination, discrimination and other issues related to employment law. The prosecution claims that some of the risks that were supposed to be covered are not being adequately covered, hence the suit.
Even though the new team that is currently heading Hawks knows about the lawsuit, they have stated that they do not want to be part of it. In addition to this, they did not feel comfortable disclosing any information concerning the case. The former ownership of the company attached Bruce Levenson to the case. They expect that the case will end on a positive note.
About Bruce Levenson
Bruce Levenson is known for his business acumen and the ability to invest in ideas that others may view as odd, and then make huge profits out of it. The sale of the Hawks Company brought him close to a million dollars, which was a huge profit considering how much he had bought it at. He has been investing in companies every since he graduated from college. His first company UCG corporation has grown from nothing to a capital base of billions. He is an excellent businessman and leader, something that his investment portfolio can easily prove. See, http://brucelevenson.com/.