Al Jazeera Tells Al Gore to Get Bent
Al Jazeera America issued a forceful statement Wednesday, dismissing Al Gore’s fraud suit against the purchasers of his TV network and calling the characterization of the conflict overblown.
“The lawsuit and statement simultaneously issued by Al Gore’s celebrity trial lawyer were designed to grab headlines with misleading accusations like ‘fraud’ and ‘price discount,'” the Qatari-owned network said. “The truth is that this is an ordinary commercial dispute, of the type that courts decide all the time.”
The lawsuit concerns part of the $500 million sale price being held by Al Jazeera in escrow against potential Current creditors. Gore’s suit argues that the money should be released to Current shareholders.
“Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” Gore’s lawyer said last week. “We are asking the court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current’s former shareholders.”
AJAM’s attorneys maintained “its right to indemnification from escrow funds” and looked forward to their client’s day before “an impartial tribunal,” aka court.
[h/t Capital New York]
[Image via screengrab]
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