GlobalMedia.com to sue Real Networks in US$5-million suit over advertising servers
News | 11/02/2001 5:00 am EST
The head of Vancouver’s GlobalMedia.com Inc., now just a trading shell (CNM, May 31/01), is preparing to sue Seattle-based giant Real Networks, Inc. for US$5 million over a consulting and services contract he says wasn’t honoured. President and CEO Michael Metcalfe tells Canadian NEW MEDIA that an undisclosed "large, prestigious Seattle law firm" has provided GlobalMedia with a favorable legal opinion on the suit, and that it is a matter of days before the company files in King County WA. The move will proceed to an arbitration phase that Metcalfe describes as similar to discovery.