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 the Atlanta Spirit settled the complaint this month.
The 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 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.