Belkin files suit against co-owners Wounded Spirit: Partner ousted as Hawks' NBA governor returns to court, says he was short-changed in attempts to buy out his share Home Edition

In that highly publicized case, a judge ultimately allowed [Steve Belkin]'s partners to replace him as the Hawks' NBA governor, clearing the way for a controversial trade that Belkin had opposed for guard Joe Johnson. Belkin then agreed to sell his stake in the teams to his partners for a...

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Bibliographic Details
Published inThe Atlanta journal-constitution (2001)
Main Author Tim Tucker, Bob Kemper
Format Newspaper Article
LanguageEnglish
Published Atlanta, Ga Atlanta Journal Constitution, LLC 07.01.2006
Subjects
Atlanta Hawks
Belkin, Steven
Litigation
Professional basketball
Sports team owners
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Summary:In that highly publicized case, a judge ultimately allowed [Steve Belkin]'s partners to replace him as the Hawks' NBA governor, clearing the way for a controversial trade that Belkin had opposed for guard Joe Johnson. Belkin then agreed to sell his stake in the teams to his partners for a price to be set by up to three appraisals. Belkin began this round of the legal war with a complaint filed Nov. 22. His partners answered Dec. 14, saying that the first appraisal was "breathtakingly generous" by a firm "handpicked" by Belkin and that Belkin "now seeks to . . . hijack the appraisal process" and take "sole authority" for selecting the appraisers. In the December filing, the defendants denied Belkin's allegation that they "threatened, harassed or otherwise sought to unfairly influence" Citigroup's appraisal. "In fact ... it was Belkin that sought unfairly to influence Citigroup's appraisal," the defendants said.
ISSN:1539-7459