News that doesn't receive the necessary attention.

Friday, August 15, 2014

Al Gore sues Al Jazeera for millions he says it owes from sale of Current TV. In March 2013 Gore was sued for stealing idea of selling Current TV to oil-rich Qatar government and techniques for making the sale 'palatable' to the US public-Politico, AP

3/6/13, "Al Gore Sued Over Current TV Sale To Al Jazeera," AP, Paul Elias

"A television consultant claims that former Vice President Al Gore and others at Current TV stole his idea to sell the struggling network to Al-Jazeera. Los Angeles resident John Terenzio is demanding more than $5 million in a lawsuit quietly filed in San Francisco Superior Court Tuesday.

Al-Jazerra announced Jan. 3 that it would pay $500 million for San Francisco-based Current TV. Terenzio alleges he first brought the idea of the Qatar-owned Al-Jazeera's purchase of Current TV to board member Richard Blum in July, and he expected to be paid if his plan was used. The lawsuit claims Blum was open to the plan, which Terenzio laid out with a detailed PowerPoint presentation but feared Gore would find such a deal with the oil-rich government of Qatar "politically unappealing."...

Terenzio claims he presented..."a step-by-step approach for making the sale of the liberal media outlet to Al-Jazeera palatable to U.S. lawmakers, pro-Israel factions, cable operators and, most importantly, the American public.""...

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8/15/14, "Al Gore sues Al Jazeera for fraud," Politico, Dylan Byers

"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 Gore and 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.

"We do not believe that our complaint should be sealed," Boies said. "However, despite being a news organization, Al Jazeera America has said that the full complaint should be kept from the public file.  

We have therefore filed the complaint under seal until the Court can resolve this issue. We expect that the Court will reject Al Jazeera America's argument."

Dawn Bridges, executive vice president of Communications for Al Jazeera, says the organization is reviewing the complaint.

"Our outside counsel is reviewing the complaint," Bridges wrote in an email. "We think it relates to a commercial dispute between former shareholders of Current Media and Al Jazeera America." "We may have further comment once they’ve fully reviewed everything," she wrote."

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Politico commenter

"Hilarious. First, Mr Environmentalism sells out his principles to get millions from the biggest polluters in the world, next, he's actually surprised when he gets screwed by a Middle Eastern based media conglomerate." 



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I'm the daughter of an Eagle Scout (fan of the Brooklyn Dodgers and Mets) and a Beauty Queen.