Cronin Sues for Share of Fox Family Sale.(Rich Cronin files breach-of-contract suit with Fox Family Channel)(Brief Article)

From: Multichannel News | Date: October 15, 2001| Author: | Copyright information

Rich Cronin wants his cut of the $5.3-billion sale of Fox Family Channel to The Walt Disney Co., so the former Fox Family president last week filed a breach-of-contract suit against his ex-employer.

Cronin is looking to recover $12.7 million in compensatory damages and unspecified punitive damages.

The suit, filed in Los Angeles Superior Court, is against Fox Family Worldwide Inc. The complaint alleges that the company is trying to bar Cronin from using his stock options to cash in on the pending sale. Disney's purchase of Fox Family is expected to close by the end of the ...

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