Aparently the check that represented the deposit to Multicultural could not be deposited because funds were not available to cover. While the payments have been made to cover the airtime, the agreed upon money that Multicultural was to hold as backup is not there.
It will be curious to see if this will survive arbitration.
Liu is acting in a fraudulent fashion by charging two broadcast content providers for leasing his station simultaneously at the LA station. Liu is in violation of the terms of the contract and cannot hold a hold a deposit for a contract he is already breeched.
4. CNBC just had a little piece about this fracas....
The Headline thingy said "Air America Financial Trouble?"...
The talking head yapped about fledgling network in trouble? Liu yanking the signal due to non-payment...Air Amreica says Liu's actions were blah blah blah....
Not a WORD about the injunction, not a WORD about Liu's double-dipping....Bloody typical...
13. Wonder if they were able to get in front of a judge
before the end of the day?
On these emergency TRO's sometimes it is possible to get in front of a judge ASAP. They can even be granted without the other party's lawyer being present. At least for 24 or 48 hours or until a more extensive hearing can be held.
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