The Court of Appeals of Georgia on Tuesday considered whether a major sports deal worth hundreds of millions of dollars could have been sealed without the parties signing on the dotted line.
At issue is Turner Broadcasting System’s sale of the Atlanta Hawks and the Atlanta Thrashers. Turner is fighting a Fulton County jury’s verdict that awarded $281 million to Texas businessman David McDavid. In what Turner is calling the largest compensatory verdict in Georgia history, the jury found that Turner breached an oral contract to sell McDavid the sports teams.
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