TBS Abandons Appeal Of $281M Atlanta Teams Spat

Law360, New York (August 31, 2010, 4:49 PM EDT) -- Turner Broadcasting System Inc. has laid down its sword in a long-running dispute with Texas businessman David McDavid over the sale of the Atlanta Hawks and Atlanta Thrashers, dropping its appeal of a judge's ruling that the media conglomerate should fork over $281 million for allegedly breaching an oral contract to sell McDavid the teams.

The Supreme Court of Georgia on Monday granted TBS's bid to withdraw its petition for certiorari. A lawyer for McDavid confirmed the appeal had been abandoned but declined to comment on...
To view the full article, register now.