The joint owners of a company that owns the Atlanta Hawks and Atlanta Thrashers and holds the operating rights to Philips Arena is suing King & Spalding for malpractice, claiming the firm drew up a “fatally flawed,” contract intended to buy out a co-owner.

The suit also claims contract flaws caused the companies that own 97 percent of Atlanta Spirit, the teams’ parent, to be sued in Maryland, where King & Spalding “improperly represented them despite serious and undisclosed conflicts of interest.”

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