Breaking: The New York State Supreme Court's Appellate Division has thrown out Dan Rather's $70 million lawsuit against his former employer, CBS Corp. "We find the complaint must be dismissed in its entirety," reads the decision. The Appellate court found that the motion court "erred in denying the defendants' motion to dismiss the claims for breach of contract and breach of fiduciary duty."
Attorneys for Dan Rather said they plan to appeal a decision issued today by a New York appeals court dismissing Rather’s $70-million lawsuit against CBS.
“We are extremely disappointed with the Appellate Court's decision,” Martin R. Gold, Rather’s lead attorney, said in a statement. “We believe the decision is incorrect on a number of grounds and, accordingly, we intend to ask the New York Court of Appeals to review it.”
Today’s ruling was a major blow to Rather, who has personally financed the suit for the last two years, casting it as an effort to rein in the influence of corporations on news organizations.
For a full archive of NewsBusters stories about Dan Rather, check here.