He advised, and WVU agreed, to rebid the contract. IMG is expected to bid again.
Raese has said he won't bid again, but he doesn't think IMG or West Virginia Media Holdings should be allowed to vie for the contract. In the lawsuit he asks that they be barred from any rebid.
The lawsuit states West Virginia Radio Corp. wants compensation for WVU's alleged transgressions. It also calls for punitive damages from Payne, Clements, Luck and others "for their outrageous and scandalous behavior."
Raese's company also wants the court to force Payne, Luck, Clements and others to recuse themselves from any future bids involving these particular media rights.
Although he thinks his company is entitled to plenty of monetary compensation, Raese pledges in the lawsuit to donate any money received beyond attorney's fees to the Foundation "to benefit the WVU Children's Hospital."
Raese's company owns the Dominion Post, MetroNews and other media outlets. The lawsuit was posted online Wednesday on MetroNews' website and can be found at www.dailymail.com.
Late Wednesday, WVU spokesman John Bolt said he was not sure if the university had received notice of the lawsuit. The university does not comment on pending litigation, he said.
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