American General Life, better known as AIG, made headlines in 2008 when the Great Recession got underway, and now the company is back in the headlines because investment mogul Bruce Levenson and his company, The Atlanta Hawks Basketball and Entertainment LLC are suing the giant insurance company for breach of contract. The Atlanta Hawks Basketball and Entertainment Group sold (http://www.forbes.com/sites/mikeozanian/2015/04/23/bankers-for-levenson-oversold-atlanta-hawks-by-27/) the Atlanta team in 2015 to Tony Ressler. But the Levenson group had to settle claims made by the former general manager of the team, Danny Ferry. The lawsuit was filed in the Superior Court of Fulton County, and it states that AIG breached their contract with the Levenson group because certain business practices were covered under the group’s policy, and they were ignored or rejected by AIG.
Bruce Levenson is a charismatic character, and he is dedicated to the Jewish cause. Levenson has donated millions to several Jewish groups over the years, and he has been very vocal about the Middle East conflict. Because of his high-profile image, Levenson is able to discuss conflict issues with the Prime Minister of Israel. When the Levenson Group owned the Atlanta Hawks, Levenson could always be spotted at games, and the press usually got his opinion about the game as well as other issues that Levenson liked to talk about.
According to Time.com, Levenson is the founder of the United Communication Group. The United Communication Group is a business information company that focuses on news, data analysis for energy, technology, healthcare, mortgage banking, telecommunications and other industries. Bruce is also a founding board member of the IT company, Tech Target. Levenson was ahead of the curve in the IT industry, and he made a fortune because he had the insight to get involved in that industry during the early years. Levenson grew up in Maryland, and he began a career in journalism at the Washington Star. Read more on prnewswire.com.