The Atlanta Hawks are an elite basketball team part of the NBA. Their ownership group is known as the Atlanta Hawks Basketball and Entertainment, LLC, or AHBE. One of their previous owners was Bruce Levenson. He purchased and was involved with the team, and other ventures, for a number of years. During his Time there, Levenson hired a man named Danny Ferry to come on board as a general manager and president of basketball operations. In 2014, Leveson announced his decision to leave the ownership group and sold off his shares.
About a year after Levenson sold off his shares, Danny Ferry also left the ownership group. His leaving sparked a court dispute with the company that holds their insurance policy, the New Hampshire Insurance Company, also known as AIG. AHBE is suing AIG for breach of contract and insurance bad faith. http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks
AHBE believed they had insurance coverage for wrongful termination and other employment-related items. ABHE then tried to claim benefits due to Danny Ferry leaving and AIG has yet to follow through on their end. The lawsuit states that AIG will not even acknowledge that any claim was ever made and states nothing further is to be done on their end. The breach of contract violation comes in because AIG refuses to acknowledge a claim and has no intention of paying out damages.
The lawsuit between AHBE and AIG is currently ongoing and may be a long, hard-fought battle. As of now, it is unclear who will end up winning this court dispute. Information on this article can be sourced from Wikipedia.org.