January 24, 2011 - 6:40pm
From the Atlanta Journal Constitution
The suit, brought by the owners of the Atlanta Thrashers of the National Hockey League, claims that a poorly written contract written by the Atlanta law firm has prevented the sale of the NHL franchise for six years.
Meanwhile the hockey team has lost more than $130 million in operating losses since 2005 – the year Boston-based partner Steve Belkin agreed to sell his 30 percent stake – and the franchise value has dropped by more than $50 million, according to a lawsuit filed Friday in Fulton County Superior Court.