Estranged part-owner Steve Belkin is entitled to buy out his partners and take over the Hawks and Thrashers, according to a Maryland court ruling issued late this afternoon. Montgomery County (Md.) Circuit Court Judge Eric Johnson found that the teams' seven other owners breached the terms of an agreement to buy out Belkin and thus triggered his right to buy them out at cost instead.
The judge also said in the ruling that his finding "will render moot all remaining claims" in the lawsuit, and he dismissed all other counts in the case.
HotlantaLIVE.com is the place where people of Atlanta GA come to find Atlanta Events, Atlanta Parties, Atlanta Hotties, Atlanta News, and news about Atlanta Artists like Lil' Jon, Outkast, Lil' Scrappy, T.I., Young Jeezy, So So Def Camp, Jermaine Dupri, Dem Franchize Boyz, Usher, Bonecrusher, Killa Mike, Ludacriz AKA Luda, TLC, The Boyz in Da Hood, Da Brat, Bad Boy South, Big Boi, Andre 3000, and more ATL Artists. They also come to talk about the Atlanta Falcons, Atlanta Braves, Atlanta Hawks, and Atlanta Thrashers with stars like Michael Mike Vick, Jon Smoltz, Chipper Jones, Andrew Jones, Josh Smith, Josh Childress, Al Harrington, and Joe Johnson. Home of the Georgia Aquarium and the party spot of Buckhead. Come holla at people from the ATL.
