September 14, 2011 1:35 PM
King Spalding Settles $195 Million Malpractice Suit Filed by Atlanta Spirit
Posted by Brian Baxter
A consortium that until recently owned the NBA’s Atlanta Hawks and NHL’s Atlanta Thrashers has reached an agreement with King Spalding to settle a malpractice it suit filed against the firm in January—ending a dispute that had both parties gearing up for a month-long trial, according to sibling publication the Daily Report.
Atlanta Spirit LLC sued King Spalding in Fulton County Superior Court in Atlanta over the firm’s alleged role in crafting a contract that was the subject of a bitter six-year litigation battle between members of the ownership group and former co-owner Steve Belkin.
Belkin fell out with his former partners when he objected to a 2005 trade that brought the Hawks former Phoenix Suns guard Joe Johnson, who remains with the team to this day. The standoff saw the remaining members of the Atlanta Spirit group, including J. Rutherford Seydel II, a son-in-law of media mogul Ted Turner and name partner at Atlanta firm Davis, Pickren, Seydel Sneed, seek to
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