Bruce Levenson Seeks Payout

Bruce Levenson was born on October 1, 1949. He grew up in Chevy Chase, Maryland. He went to Washington University in St.Louis, Missouri. Afterwards he went to and graduated from American University. While attending law school he worked as a journalist for the Washington Star. He came back to his roots and started a communications company, United Communications Group (UCG), with Ed Peskowitz in 1977. Their headquarters was based in Gaithersburg, Maryland. They wrote a newsletter about the oil industry. After acquiring some different newsletters in the same industry, they launched other databases and are now a privately held business information company.

Aside from his personal life, Levenson is involved with philanthropic organizations such as the Community Foundation of Washington, D.C. and Hoop Dreams. He also was a chairman on the I Have A Dream Foundation, which helps low income kids get a college degree. In alignment with his passion to teach low-income students, he was a founding partner of the United States Holocaust Museum and funds the museum’s Bringing the Lessons Home program that teaches the students what happened and trains them to be tour guides.

Levenson also was an owner of the Atlanta Hawk’s Basketball and Entertainment Company (AHBEC) as well. During this time he brought on the insurance company AIG. On June 22, 2015 as reported by ESPN,  he sold the company to Tony Ressler. The issue that is now resulting in a lawsuit comes from AIG not wanting to pay out for coverage of certain losses that it had originally agreed upon, including wrongful termination and workplace torts. The amount is undisclosed and AIG says it has no knowledge of AHBEC requesting a payout. Understandably, Ressler is stating that this is a part of their history and has no comment.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson