Bruce Levenson was formerly the owner of the Atlanta Hawks, having recently sold the team in 2015. According to Forbes.com, the sale went through and Tony Ressler’s group now owns the franchise clear of any liens. But Levenson has recently got into a legal battle with the ownership’s previous insurance company, AIG over failing to pay out claims regarding losses for buying out former General Manager Danny Ferry’s contract. Levenson, along with Atlanta Hawks Basketball and Entertainment is seeking damages for the insurance company’s refusal to honor the claim, and they are currently in the middle of a contentious court battle.
Bruce Levenson is a longtime businessman and philanthropist both in the Atlanta and Washington D.C. areas. Prior to purchasing the Atlanta Hawks, he co-founded United Communications Group. Levenson had studied journalism at Washington University, and while attending American University law school, he was an editor at the Washington Star. Levenson first started covering oil industry developments when he started up Oil Express, his first newsletter as part of UCG. Soon, he had built a whole conglomerate of news publications targeting many industries at UCG. Eventually the company even formed a subsidiary called Tech Target that Levenson currently chairs, and they’re also the owners of Gas Buddy, an app for checking gas prices nearby.
Bruce Levenson got involved with both Hoop Dreams, and the “I Have a Dream” Foundation, non-profit fundraisers that helped benefit underprivileged children in inner cities. He also helped the Anti-Defamation League run a Concert Against Hate event, recognizing the need for tolerance and compassion in society. Levenson is a major contributor to the Holocaust Memorial Museum, a museum that takes people through the events of the Holocaust and tells the stories of survivors. In addition, Levenson started the Center for Philanthropy at the University of Maryland, and sponsors pro-Israeli organizations such as SEED Foundation and Birthright Israel.