Former U.S. Vice President Al Gore sued Al Jazeera, claiming the satellite news provider owned by the Qatari royal family owes him and a partner $65 million from a deal to buy his network, Current TV, for $500 million.
Gore, 66, and Joel Hyatt, another former Current TV owner, accused Al Jazeera American Holdings I Inc. of fraud and breach of contract. They are seeking undisclosed damages in a mostly sealed complaint filed today in Chancery Court in Wilmington, Delaware. The men alleged that Al Jazeera illegally tried to seize $65 million in escrow funds.
“Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” David Boies, a lawyer for Gore, 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.”
So, Al Gore wants more of the Qatari royal family’s dirty oil money? This is all so confusing. The rest here.