Al Gore sues Al Jazeera America over TV channel sale
- 15 August 2014
- From the section Business
Former American Vice President Al Gore is suing Al Jazeera America over the sale of a TV network he founded.
Mr Gore and his partners agreed to sell Current TV to the Qatari-owned broadcaster last year.
But Mr Gore and other former shareholders in the company claim Al Jazeera America is trying to retain $65m (£39m) of the purchase money.
They have filed a lawsuit claiming the terms of the contract have not been honoured.
Mr Gore's lawyer, David Boies, said in a statement: "Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago."
Al Jazeera bought Current TV in August 2013 from a group of shareholders including the channel's former chief executive, Joel Hyatt. Other investors included Comcast, and the supermarket magnate, Ron Burkle, as well as Mr. Gore.
It is Mr Hyatt and Mr Gore who are alleging fraud and breach of contract over the sale, lodging their suit at a Delaware court.
They say a portion of the sale price was placed by Al Jazeera into an account to be paid to them this year, but that the money has been withheld.
A summary of the case, released by Mr. Gore's lawyer, stated that Al Jazeera America is "in express violation of the merger agreement".
Current TV was originally designed as a progressive channel to counter conservative-leaning broadcasters such as Fox News.
Al Jazeera America has not commented on the lawsuit.