Hawks owner settles malpractice suit with law firm
Legal News Center
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.
Tweet ShareThis The Atlanta Spirit, which sold the Thrashers to a Canadian group in June and has an agreement to sell a majority stake in the Atlanta 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.
The lawsuit filed in Fulton County Superior Court claimed that the owners have been negotiating to sell the Thrashers for six years, but were thwarted by a contentious split with Boston-based co-owner Steve Belkin. That dispute was finally settled in December when his shares were bought out.
Atlanta Spirit, though, contends that the fight with Belkin would have ended in August 2005 if King & Spalding hadn't negotiated a botched contract and doled out advice that was "poorly considered, self-interested, and, in many cases, blatantly wrong."
Belkin split with the group in 2005, after he objected to the Hawks' trade of Boris Diaw, two first-round draft picks and a $4.9 million trade exception to the Phoenix Suns for guard Joe Johnson, who had agreed to a $70 million contract.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.