- Associated Press - Friday, October 15, 2010

DALLAS (AP) - An attorney for Tom Hicks and George Gillett Jr. says the Americans are dropping a lawsuit seeking $1.6 billion in damages stemming from the contentious sale of the Liverpool soccer club.

Attorney Tom Melsheimer said Friday that Hicks and Gillett were dropping the claim to comply with an English court order. He says “a different picture will be painted” when the English court “has a chance to hear all the facts,” suggesting the fight isn’t over.

The statement came about two hours after the $476 million sale of the storied English club to the owners of the Boston Red Sox was finalized in London. That came after Hicks and Gillett dropped a temporary restraining order blocking the sale obtained in a Texas court.