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Dispute Between AL Gore And Current TV To Go To Trial
A trial will be needed to resolve a dispute between former Vice President Al Gore and Al Jazeera America over tens of millions of dollars held in escrow as part of the news network's $500 million acquisition of Current TV, a Delaware judge ruled Tuesday.
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 Current shareholders.
"The case should end now, not at trial," Attorney Greg Varallo told Glasscock.
The judge denied the motion, however, citing factual disputes regarding language in the merger agreement.
"It can be interpreted in two different ways," said Glasscock, who also said factual determinations will be needed on Al Jazeera's claims to the escrow money and whether its actions have prejudiced Gore and Hyatt.
Read the full story: www.abcnews.go.com
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