ATLANTA -- The group that owns the Atlanta Hawks and recently sold the Atlanta Thrashers has settled a $195 million legal malpractice lawsuit against the law firm King & Spalding.
Steve Collins, who represents the firm, said Wednesday that King & Spalding and Atlanta Spirit settled the complaint this month.
Atlanta Spirit is a group of investors that owns the Hawks and the operating rights to the Philips Arena, where the team plays. The group sold the Thrashers in June to a group of Canadian investors who moved the team to Winnipeg.
The group said in a January lawsuit that the firm negotiated a ``fatally flawed contract'' to end a dispute with Boston-based co-owner Steve Belkin.
Collins said the terms of the settlement were confidential. The Atlanta Spirit did not immediately comment.
Saturday
July 26th, 2025
9:53AM
