Al Jazeera America sues former VP Gore

AP News
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Posted: Sep 19, 2014 1:17 PM

NEW YORK (AP) — Al Jazeera America is suing former Vice President Al Gore and Joel Hyatt, the former owners of the TV network that became Al Jazeera America in 2013.

The parties are arguing over money that is being held in escrow. In August Gore and Hyatt sued the network, saying that it was improperly withholding tens of millions of dollars placed in escrow when Al Jazeera bought Current TV for $500 million.

Al Jazeera America says it is entitled to the money because Gore and Hyatt did not live up to a promise to indemnify the network for claims made against Current TV. It accuses the pair of "misrepresentations."

Gore and Hyatt filed a lawsuit against the network in the Delaware Court of Chancery.