» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 160 | Monday, August 18, 2014

Gore Sues Al Jazeera America for Unpaid Millions

AP

Print | Front Page | Email this story | Comments ()

LOS ANGELES (AP) – Former Vice President Al Gore is suing Al Jazeera America, saying the news network is withholding tens of millions of dollars that it owes for buying Current TV from him and other shareholders for $500 million last year.

David Boies, Gore's attorney, said in a statement that Al Jazeera America "wants to give itself a discount on the purchase price that was agreed to nearly two years ago." He said the suit was filed in Delaware Court of Chancery on Friday.

Al Jazeera America didn't immediately respond to a request for comment.

The Qatar-owned news channel took over Current TV's signal last August and hired a slew of U.S. TV news veterans like Soledad O'Brien and John Seigenthaler. It is available in nearly 60 million U.S. homes.

Gore and co-founder and former Current TV CEO Joel Hyatt each had 20 percent stakes in Current, while Comcast Corp. had less than a 10 percent stake. Another major investor in Current TV was supermarket magnate and entertainment industry investor Ron Burkle.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 61 163 906
MORTGAGES 88 212 1,138
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 180 180 1,693
BANKRUPTCIES 50 150 654
BUSINESS LICENSES 33 58 274
UTILITY CONNECTIONS 56 169 665
MARRIAGE LICENSES 14 32 167

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.