Thrashers Owners Sue King & Spalding Over Contract

Law360, New York (January 24, 2011, 7:14 PM EST) -- Owners of the Atlanta Thrashers hockey team have sued King & Spalding LLC, accusing the law firm of negotiating an unenforceable buyout contract that cost them nearly $200 million and entangled them in litigation for five years.

HPTA Holding Co. LLC, SSG Group LLC and LPF Atlanta LLC launched the suit Friday in the Georgia Superior Court for Fulton County alleging King & Spalding willfully committed malpractice and breached its fiduciary duty by drafting and defending in court a "fatally flawed" contract to buy out a...
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