Posted on 08/16/2014 3:05:51 PM PDT by SeekAndFind
Honesty, it’s difficult to know where to begin tracking the irony in this story. Al Gore launched Current TV in large part on the financial and political basis of his global-warming crusade and entrepreneurship, which predictably went nowhere even with high-profile headliners like Keith Olbermann. Gore then improbably convinced Al Jazeera — which is owned by the royal family of the oil-pumping emirate of Qatar — that the channel was worth a half-billion dollars on the basis of its penetration into cable and satellite-TV systems in the US. That deal, by the way, got cinched only after Gore began accusing some of those cable and satellite system operators of bigotry for threatening to drop Current TV’s slots if the deal went through — which would have cost Gore a $100 million payday.
Fast forward eighteen months, when Al Jazeera America is no more a household name than was Current TV before the sale. According to Gore, they’ve balked at making payments on the bloated cheeseburger he sold them, so Gore is suing them … for fraud:
Former Vice President Al Gore has filed a lawsuit against the Middle Eastern media group Al Jazeera, accusing it of fraud and breach of contract in its $500 million purchase of Mr. Gore’s Current TV cable channel.
The dispute centers on Al Jazeera’s refusal to turn over “tens of millions of dollars” remaining in an escrow account and still owed to the selling shareholders of Current TV, according to a statement from David Boies, the lawyer representing Mr. Gore and a Current TV co-owner, Joel Hyatt, who are suing on behalf of all the selling shareholders.
(Excerpt) Read more at hotair.com ...
Why does Gore get a free pass but the Sultan gets picketed in Los Angeles?
Olbermann??? Who's he???
It takes one to know one...
Al Jazeera sues Al Gore for fraud
Because LA has different rules than Al Gore allow this just sayin
Of the two of them I think Al is gonna win.
CC
MrD’s CA cousin’s daughter worked for algore when he first started his TV network. She quit because he wouldn’t pay her. ha ha!
It took Qatar a long time to figure out that Al is a goniff, who played them for suckers.
You can’t cheat an honest man....
Al Jazeera had larceny in mind when they thought they could just buy a ready-made cable network. Almost worked, too.
Now they are getting, what, 15,000 views a MONTH?
Drudge Report they are not.
Dueling asshats. Wake me when there’s a verdict. On second thought.....
Boy, that David Boies really knows how to stick with a winner, doesn’t he?
Al Jazeera should apologize but claim it’s just one of the unexpected effects of global warming. Therefore, there is nothing they can do about it.
Al Gojira! You too big, you eat vegetable! You no come back anymore!
CC
Boies lost, so Algore hires him again. OK.
RE: Boies lost, so Algore hires him again. OK.
Boies track record as a lawyer remains impressive though. He has won many cases since then.
You can’t win them all ( especially when your case is flimsy like Al Gore’s in 2000 ).
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