Business NEWS
Dan Rather lawsuit against CBS Dismissed by Court
By Robert J. Steiner for CEOWORLD Magazine Updated:September 30, 2009
A New York state appeals court dismissed Dan Rather’s $70 million lawsuit against CBS Corp. (CBS) in which he claimed the network violated his contract after it forced him out as the anchor of the “CBS Evening News” in March 2005, according to news reports.
Louis J. Briskman, the general counsel for CBS, said of the decision, “The simple answer is: the case is over.”
Mr. Rather’s lawyer, Martin R. Gold, said “that’s nonsense” and said that he would appeal the decision to New York’s highest court, the Court of Appeals.
Rather, 77, filed suit against CBS in September 2007 on grounds of fraud, breach of fiduciary duty and breach of contract in relation to a September 2004 broadcast about President George W. Bush’s military service, which relied on documents that were critical of Bush’s service record.
In the suit, Rather claimed that CBS “warehoused” him and did not appropriately compensate him during his final 15 months with the company before his June 2006 termination. Rather stepped down from the Evening News in May 2005, but continued to report for 60 Minutes before he was permanently let go.
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