Settlement Report Indicates Progress In Resolving Cumulus Lawsuit Against Michael Baisden
October 8, 2014 at 3:58 AM (PT)
A settlement report filed in CUMULUS MEDIA NETWORKS' lawsuit against syndicated host MICHAEL BAISDEN in U.S. District Court in DALLAS says that the parties have "conferred informally on settlement, expect to have additional discussions regarding possible settlement and plan to schedule a more formal settlement conference in the future."
The talks signal a possible resolution to the case before trial, which was previously set for AUGUST 3rd, 2015, with the parties ordered to participate in mediation by APRIL 15th of next year.
CUMULUS is seeking restitution of $1 million it says it accidentally paid the host due to an accounting error after he left the company when contract negotiations stalled in 2013.