Posted on 08/15/2014 9:29:54 AM PDT by don-o
Former Vice President Al Gore and business partner Joel Hyatt have filed a lawsuit against Al Jazeera on charges of fraud and material breaches in their acquisition of Current Media, POLITICO has learned.
Gore and Hyatt, the co-founders of Current Media, say that Al Jazeera has unlawfully refused to turn over tens of millions of dollars currently located in an escrow account. That money is owed to Current Media shareholders per the terms of the $500-million merger agreement made in January 2013, the plaintiffs say.
The lawsuit was filed Friday morning by David Boies, attorney for Al Gore and Joel Hyatt, in the Delaware Court of Chancery. (Boies also represented Gore in the 2000 Florida election recount battle against George W. Bush.)
"Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago," Boies said in a statement. "We are asking the Court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current's former shareholders."
The complaint has been filed under seal at the request of Al Jazeera, though Gore and Hyatt have filed a motion seeking to unseal it.
(Excerpt) Read more at politico.com ...
I talked to someone yesterday who told me that her brother, who had some property for sale, is being sued by a prospective buyer (Muslim) who thought the sale price was too high.
If both sides are frauds, then the case may be decided on its merits.
It has none. Neither party has standing.
Pot, Kettle . . . . .
This cracks me up! My husbands CA lefty cousin’s daughter worked for algore when he first started and she quit because he failed to pay her. ha ha albore, what goes around comes around!
It’s hard to pick which Al to back, but if push comes to shove, I want Gore to lose.
Al Jazeera to Al: “Hey, you f—ked up, you trusted us...”
If he messes around with those guys too much, he might never be heard form again.
It’ll be like he disappeared in to fat air.
shouldn’t it be the other way around ?
LOL. First time negotiating with Arabs Al? Good thing you weren't the one having to deal with Arafat.
Fat Wad Gets Fatwa’d
a’l gore understands fraud as good as the best of them.
Al has the nerve to sue anyone for FRAUD?!?!?!?
Surely by now there is a picture of him in the dictionary underneath the word fraud.
“I have 87 railroad tankers full of irony for a Mr. Gore”
I wonder if Gore will sue Satan for talking him into constantly lying?
That picture; the stupid, it hurts!
“Don’t try to con a con-man”*
Gore didn't watch The Sting all the way though. He didnt realize that a crook can also be the victim of a con.
Maybe Paper Moon would be more his speed. It's not as complicated a movie for a grifter to learn new tricks.
Al seems a little slow...
Hopefully, Boies will achieve the same result.
I was just wondering if the Morgans and Charlie Crist were involved in that too.
Maybe he should have sold it to Glen Beck after all. Beck would have paid him and the check would not bounce.
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