Former U.S. Vice President Al Gore and his business partner Joel Hyatt have filed a lawsuit on Friday against the Qatar-based news organization Al-Jazeera over an alleged fraud and breach of contract from the news agency’s purchase of the company Current Media, a CNBC report said.

Gore and Hyatt who are co-founders of Current Media say that Al-Jazeera broke the law by refusing to pay Current Media stockholders millions of dollars after Al-Jazeera purchases the company last year.

"Al Jazeera America wants to give itself a discount on the purchase price that was agreed to nearly two years ago,” and attorney for the pair told Politico, adding: "We are asking the Court to order Al Jazeera America to stop wrongfully withholding the escrow funds that belong to Current's former shareholders."

Al Gore
Former U.S. vice president Al Gore wants to end quarterly company reporting and explore issuing loyalty-driven securities as part of an overhaul of capitalism Photo: REUTERS

Al-Jazeera said that an outside counsel was reviewing the complaint.

"We think it relates to a commercial dispute between former shareholders of Current Media and Al Jazeera America," Al Jazeera said in a statement adding: "We may have further comment once they've fully reviewed everything."

Continue Reading Below