Bruce Levenson Sues The Insurance Company

The former owner of the NBA franchise is The Atlanta Hawks Basketball and Entertainment LLC. The Hawks have filed a lawsuit against the New Hampshire Insurance Company. The Hawks claim that the insurance company breached its contract. This is with regard to the settlement of claims that had been made by Danny Ferry, who was the general manager here, earlier.

Bruce Levenson (http://brucelevenson.com/) is the controlling partner of this former ownership group of Hawks. This lawsuit will not be involving the current ownership group of Hawks, but only the former one that was led by Bruce Levenson.

This lawsuit has been filed in the Superior Court of Fulton County. It is against the insurance company. They have asked for a civil action that should be for breach of contract along with insurance bad faith. The Hawks owners claim that the insurance policy covered certain losses that were related to employment. These included certain acts such as “Wrongful Termination,” “Workplace Torts,” and so on. They further claimed that notice was given to the Insurance Company in 2015 that these claims had been asserted by Danny Ferry. These were the claims that were believed to be covered.

There was a buyout agreement between Danny Ferry and Hawks ownership in 2015. The relationship ended with it. According to Forbes.com, the sale of the franchise was approved two days after this relationship ended. It was approved to be sold to a group led by Ressler.

The claim amount is confidential as per the court documents. But the confidential limit of the liability of this policy will suffice for paying this claim by the Hawks owners. In a report by Time, the lawsuit further states that the Insurance Company has refused to acknowledge that any claim was made. It is also refusing to acknowledge any policy that may have been triggered. This lawsuit is claiming a breach of contract for not paying for covered losses.

 

Eric Lefkofsky Continues to Create Successful New Ventures

Eric Lefkofsky is the CEO and co-founder of Tempus, a state-of-the-art lab that is working to bring data science and technology together to help improve the treatment results of cancer patients. They want to redefine how genomic information is used in treatment protocols. Eric is a successful entrepreneur, having in addition to Tempus, co-founded Echo Global Logistics, Innerworkings, Mediaocean and Uptake. In addition to these companies he was a co-founder and is the Chairman of Groupon.

 

Lefkofsky was born and grew up in Southfield, Michigan. His father was a engineer and his mother was a school teacher. After finishing high school, Lefkofsky went to the University of Michigan and earned his Bachelor’s Degree and his Juris Doctorate. After law school, he teamed up with his college buddy, Brad Keywell, and with borrowed money, bought Brandon Apparel store in Madison, Wisconsin.

 

Eric and Brad built Starbelly, an early Internet company. It was later sold to Halo Industries. It was hit by the “tech bubble” downturn. Next the two entrepreneurs started InnerWorkings in 2001. They provided print procurement solutions to mid=sized companies. In 2006, the company went public. Eric Lefkofsky was on the Board of Directors of the company through 2012.

 

Based on chicagobusiness.com, Echo Global was the next company the partners started in 2005. It is a freight logistics company. In 2006, Echo Global went public and is successfully trading on the NASDAQ. In 2006, Lefkofsky and Keywell started MediaBank. The company was involved with media-buying technology. In 2007, MediaBank, bought Datatech, a leading media planning platform. In 2012, the U.S. Dept. of Justice approved the merger of MediaBank and Donovan Data Systems. The combined entities formed Mediaocean, worth an estimated $1.5 billion. Check on this.

 

The next venture was in 2007, when Lefkofsky co-founded ThePoint.com. It was a collective action website. The site had been started by Andrew Mason. Other investors got involved with the company, and in late 2008, the name was changed to Groupon. Groupon was able to attract huge amounts of money from investors and today is a successful online company. In 2010 Google tried to buy Groupon for $6 billion. The deal was turned down. In November of 2011, Groupon’s IPO raised $700 million. Tempus was started in 2016.

View related site: http://lefkofskyfoundation.com/about-eric-lefkofsky/

Eric and his wife Elizabeth, started a charitable family trust, the Lefkofsky Foundation, to support their philanthropic activities, educational organizations and other causes around the world. They have helped fund 50 organizations.

 

View Eric’s linkedin.com.