Citadel, Peak Settle Boise Lawsuit
June 11, 2008 at 3:42 PM (PT)
CITADEL BROADCASTING has reached a confidential settlement with PEAK BROADCASTING, over a lawsuit where CITADEL claimed that PEAK raided its staff and secured company information, THE IDAHO STATESMAN reports.
The suit, filed last spring in BOISE, ID, alleged that a former CITADEL executive and four other former Citadel staffers stole a computer disk that contained confidential information. PEAK supposedly used that information to compete against CITADEL in an effort to acquire FRESNO, CA stations. PEAK denied the allegations.
The contesting parties offered no new comment after the settlement was reached.