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Al Jazeera America Countersuing Al Gore (TVNewser)
It looks like Al Jazeera America isn’t taking the lawsuit levied by former Vice President Al Gore lying down. The company countersued Gore and Joel Hyatt Friday. The Associated Press The parties are fighting over money that is being held in escrow. The former vice president and Hyatt, the founder of Hyatt Legal Services, sued the network last month saying that it was improperly withholding tens of millions of dollars placed in escrow when Al Jazeera bought Current TV for $500 million. THR / Hollywood, Esq. According to Gore and Hyatt, Al Jazeera squandered those favorable distribution rights by making an “ill-advised, one-sided” agreement with Time Warner Cable, which set off “most favored nation” obligations to other distributors. According to Al Jazeera, it’s Gore and Hyatt who shoulder the blame — and responsibility — for what later happened by failing to get TWC on board in the first place. New York Post Friday’s countersuit insists that AJA, as Current TV’s buyer, did not “make phony claims” but had a “contractual right to be indemnified.” “Al Jazeera America rightfully seeks compensation from an escrow fund that was established solely and specifically to protect Al Jazeera against any harm resulting from these inaccurate representations,” the countersuit claimed. In the countersuit, Al Jazeera stated it made five claims on the escrow money, relating mostly to disagreements it had with distributors following the sale. Variety The purchase price was reportedly $500 million, and, although that figure also was redacted from Al Jazeera’s filing, the company noted that Gore is “reported to have made between $70 and $100 million from the sale.” Gore and Hyatt contend that they initially harbored “serious reservations” about selling the network to Al Jazeera, but decided to entertain the idea of such a sale after performing due diligence and consulting with former senior U.S. government officials.