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<b>Counsel Concerns:</b> TV Station Buyers Claim Law Firm Botched Deal
The owners of Spanish-language GenTV are suing four Holland & Knight partners, alleging the $48 million purchase price of a Key West, FL, television station was millions of dollars too high because of botched legal work.
The station buyers allege Holland partners Enrique Gomez-Pinzon and Charles Naftalin in Washington, DC, Eric Fishman in New York and Frances Gail Faigenblat in Miami failed to determine whether WGEN-TV, known as GenTV, had valid must-carry rights when New York-based Wepahe Entertainment bought a 75% stake and Caracol Television bought a 25% stake in the station in 2005. A station with must-carry rights must be part of a cable provider's offerings in the local station's market. The buyers say the station's must-carry rights had been voided years before.
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