Al Gore sues............wait for it..............

[Sangersteve]

Al Jazeera


Honesty, it’s difficult to know where to begin tracking the irony in this story. Al Gore launched Current TV in large part on the financial and political basis of his global-warming crusade and entrepreneurship, which predictably went nowhere even with high-profile headliners like Keith Olbermann. Gore then improbably convinced Al Jazeera — which is owned by the royal family of the oil-pumping emirate of Qatar — that the channel was worth a half-billion dollars on the basis of its penetration into cable and satellite-TV systems in the US. That deal, by the way, got cinched only after Gore began accusing some of those cable and satellite system operators of bigotry for threatening to drop Current TV’s slots if the deal went through — which would have cost Gore a $100 million payday.

Fast forward eighteen months, when Al Jazeera America is no more a household name than was Current TV before the sale. According to Gore, they’ve balked at making payments on the bloated cheeseburger he sold them, so Gore is suing them … for fraud:

Former Vice President Al Gore has filed a lawsuit against the Middle Eastern media group Al Jazeera, accusing it of fraud and breach of contract in its $500 million purchase of Mr. Gore’s Current TV cable channel.

The dispute centers on Al Jazeera’s refusal to turn over “tens of millions of dollars” remaining in an escrow account and still owed to the selling shareholders of Current TV, according to a statement from David Boies, the lawyer representing Mr. Gore and a Current TV co-owner, Joel Hyatt, who are suing on behalf of all the selling shareholders.

“Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” Mr. Boies said. “We are asking the court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current’s former shareholders.”

Well, if anyone knows about fraud, it’s Al Gore. After all, he’s the same man who took the half-billion-dollar deal from the Qataris while claiming not to be a hypocrite about climate change by drenching himself in oil money. He shouldn’t be surprised at the sudden refusal by AJA to pay the overpriced bill for the bill of goods Gore sold them. After all, as a wise man once intoned: “There’s no such thing as ethical oil.” Unless they’re stuffing the proceeds into your pocket, of course.


http://hotair.com/archives/2014/08/16/i ... for-fraud/

[planosteve]

Now if someone would just sue Fox News for discrimination against women who don't bleach their hair.