John Lynch Sues BCA Over Ouster
October 11, 2010 at 5:46 AM (PT)
JOHN LYNCH has filed suit against the company he founded, BROADCAST COMPANY OF THE AMERICAS, and his former partners in the venture, alleging that he and his daughter, VP of Sales KARA GUTHRIE were unfairly fired from the company.
The SAN DIEGO UNION-TRIBUNE reports that LYNCH is suing BCA, the VIEJAS TRIBE, his partner in BCA and a casino operator in SAN DIEGO COUNTY, and SAN DIEGO PADRES owner JOHN MOORES' JMI company, alleging that because of the termination, LYNCH "can no longer attract the investments that he needs to recapture his position at BCA, which position was promised to him," and has lost his stake in the company, which he estimates at $9 million. The suit claims that LYNCH is particularly harmed by his termination because of his age (63) and that the BCA investment was supposed to "see him into retirement."
BCA was created in 2003 to operate Sports XEPRS-A (XX 1090), Classic Hits XHPRS-F (105.7 THE WALRUS), and Sports-Business Talk XEPE-A (1700 ESPN). VIEJAS became majority shareholder in 2006. LYNCH's suit allleges that BCA attempted to merge with LOCAL MEDIA OF AMERICA, created by LYNCH with investment firm THOMA BRAVO, and tried to buy out VIEJAS, which has indicated it wanted to sell its outside investments, but that VIEJAS resisted and demanded an "inflated price" and that VIEJAS interim CEO TUARI BIGKNIFE threatened that if VIEJAS "did not get what it was demanding, he would personally ensure that everybody lost."