The group that owns the
Atlanta Hawks and recently sold the former Atlanta Thrashers of the NHL has settled a $195 million legal malpractice lawsuit against the law firm King & Spalding.
The Atlanta Spirit, which sold the Thrashers to a Canadian group in June and has an agreement to sell a majority stake in the Hawks, settled the complaint last week, said attorneys involved in the dispute. The terms of the deal are confidential and attorneys for both sides said they are pleased the dispute was amicably resolved.
The ownership group had claimed that the law firm cost it about $195 million with a "fatally flawed contract" that prevented it from selling off the city's NHL franchise team earlier.
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