The Country Network Sues Broadcaster To Uphold Sale

Law360, New York (September 9, 2011, 5:13 PM EDT) -- The Country Network LLC on Friday filed suit in Florida federal court to uphold its purchase agreement for the assets of a struggling country music video broadcaster, after the broadcaster's board members challenged the deal.

TCN seeks declaratory judgment that TCN is the outright owner of assets it acquired from AFN LLC in March for more than $287,000 and claims the 13 defendants are liable for more than $20 million for working to undermine the transaction.

“Plaintiff’s title to and ownership of the business assets is...
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