In dispute is tens of millions of dollars in escrow. Attorneys for Gore and former Current Media CEO Joel Hyatt had urged Vice Chancellor Sam Glasscock II to rule in their favor without a trial, saying Al Jazeera is not entitled to $65 million being held in escrow and that it should be returned to [...]
Al Jazeera America, which was sued last month by former Current TV owners Al Gore and Joel Hyatt, has counter-sued the pair in an ongoing dispute over escrow funds. Gore and Hyatt sued Al Jazeera America alleging that the network was improperly withholding tens of millions of dollars placed in escrow when they sold Current […]
It looks like Al Jazeera America isn’t taking the lawsuit levied against them by former Vice President Al Gore lying down. They countersued Gore and Joel Hyatt back today. The Associated Press reports the cable news network, which launched...Show More Summary
A month after the former VP and ex-Current TV CEO Joel Hyatt went after Al Jazeera America for $65 million held in escrow, the Qatar-backed outlet has rippingly responded. Stressing that they had legitimate claims to the funds to handle...Show More Summary
Last week, Al Gore and Joel Hyatt filed a lawsuit against Al Jazeera for withholding $65 million in escrow from the $500 million purchase of Current TV. The complaint was originally filed in the Delaware Court of Chancery under seal,...Show More Summary
While Al Jazeera insisted that the initial complaint last week from the ex-VP and former Current TV CEO Joel Hyatt be sealed, a now heavily redacted version sheds light on what exactly the $65 million in escrow that AJ won't hand over...Show More Summary
Al Jazeera America (AJA) dismissed the claims of Current TV founders Al Gore and Joel Hyatt, who sued the network last week for refusing to turn over any of the estimated $65 million that was being held in an escrow account that was created when Al Jazeera agreed to buy Current TV last year. In […]
(Reuters) - TV broadcaster Al Jazeera rejected allegations of fraud and breach of contract leveled by Al Gore and Joel Hyatt over their sale of Current TV to the Middle East-based company in 2013. Third parties contend that Current TV...Show More Summary
(Reuters) - Al Jazeera on Tuesday rejected allegations from Al Gore and Joel Hyatt, the founders of Current TV, saying they were false and potentially misleading. Al Jazeera acquired Current TV for an estimated $500 million in 2013.Show More Summary
(Reuters) - Current TV founders Al Gore and Joel Hyatt filed a lawsuit on Friday against Al Jazeera, claiming the Qatar-based broadcaster owes them millions of dollars after it bought Current TV. Al Jazeera acquired Current TV for an estimated $500 million in 2013. Show More Summary
He might not have invented the Internet, but according to Al Gore, he got pretty close to buying one of the Internet’s most popular websites back in 2009. Gore: "My partner Joel Hyatt and I, back when I was with Current TV, which we founded, tried to buy Twitter.... It’s...
Keith Olbermann's legal war against Al Gore, Joel Hyatt and Current TV is olber. Um, over. The perennially prickly anchor has reportedly settled the $50 million lawsuit he filed upon his termination from Current one year ago
The sale of Current TV by Al Gore and his partner Joel Hyatt to Al Jazeera which is owned by a billionaire sheik of Saudi...
In 2005, when Al Gore and his business partner, Joel Hyatt, were trying to get Current TV off the ground, they faced a legal challenge over the use of the word "current." Unlike another big legal test for Mr. Gore in 2000, when he lost the presidency, this time he won.
Qatar has bought cable channel Current TV, co-founded by former Vice-President Al Gore and Joel Hyatt, to turn it into Al-Jazeera America. The acquisition permits Qatar to reach 40% of U.S. households immediately. The transaction is valued at $ 500 million, including 100 for Mr. Show More Summary
Al Jazeera is coming to America — courtesy of former Vice President Al Gore and entrepreneur Joel Hyatt. The Arab network, funded by Qatar, has just bought Current TV — the low rated liberal cable station Gore and Hyatt founded — for a reported $500 million. Show More Summary
Current TV was sold to Al Jazeera for about $500 million, two people with knowledge of the deal told Bloomberg. Gore and partners paid about $71 million in 2004 for the channel that became Current TV. Gore, chairman, and Joel Hyatt, co-founder and CEO announced the sale Wednesday without providing terms. Show More Summary
Current TV announced Wednesday evening it has been sold to Al Jazeera. In an internal memo, Current TV CEO Joel Hyatt said he and former Vice President Al Gore are "thrilled and proud" to announce the news. Hyatt added: "When considering...Show More Summary
Current TV, which launched with a user-generated social strategy that was way ahead of its time, has been sold to Al Jazeera. The network, co-founded by former Vice President Al Gore and his business partner Joel Hyatt, has for the last...Show More Summary
Joel Hyatt, a co-founder and vice chairman of US-based Current TV, has confirmed in a memo to his staff that Al Jazeera will be acquiring the eight-year-old television network. The New... Keep reading ?